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Porsche is developing a new four-cylinder engine set to power entry-level model

High-ranking officials at Porsche's Weissach research and development center in Germany have confirmed that engineering work is progressing on a four-cylinder horizontally opposed gasoline engine, details of which were first revealed by Autoweek earlier this year. The new boxer unit--which is earmarked to power a new mid-engine, entry-level model that insiders describe as a spiritual successor to the iconic 550 Spyder--looks set to become an integral part of Porsche's future model plans. Insiders suggest it will also be offered on the third-generation Boxster and the second-generation Cayman later on in their respective model cycles.

EV car maker Aptera shuts down

Automotive startup company Aptera Motors, promoter of the weirdly styled, three-wheeled 2e electric car, shut down on Friday, saying it was out of money. The company said it was unable to raise funds from private investors that would have kept it going until it received a $150 million loan from the Department of Energy's Advance Technology Vehicle Manufacturing program. "This is a difficult time for everyone connected with our company because we have never been closer to realizing our vision," CEO Paul Wilbur said in a statement.

Vauxhall launches new extended used car warranty

Vauxhall has launched a new extended warranty for use cars, available for cars up to 70,000 miles for one, two or three years. Two years ago, Vauxhall launched its Lifetime Warranty for new cars, spurred on by warranties from the likes of Kia and Hyundai, offering buyers long-term peace of mind – and which was actually a 100k mile warranty rather than a lifetime one, but a welcome assurance for motorists nonetheless. Now Vauxhall are extending their enhanced warranty offer to use car with the launch of an extended warranty aimed to give owners of used Vauxhall’s a similar level of cover to new car buyers.