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Hyundai Veloster Turbo gets cheaper

Hyundai are set to launch an additional model of the Velsoter Turbo to sit below the Turbo SE for around £2 less. With the regular Hyundai Veloster starting at £18k and the Velsoter Turbo at £22k, Hyundai has worked out there’s a middle ground price point – can you guess what it is? So to fill that gap (yes, it’s a £20k entry point) Hyundai are to launch the bog-standard Veloster Turbo (without the SE badge) which will lose some of the equipment but, as far as we can see, keep the butch cosmetic bits on the exterior.

Toyota tests chips that improve hybrid efficiency by 10 percent

Toyota announced on Tuesday that it has developed a new semiconductor, claiming it can boost fuel efficiency in hybrid cars by an impressive 10 percent. The semiconductors manage the flow of electricity through the power-control unit that connects the battery to an electric or hybrid car's motor and generator. The newly developed semiconductors are said to consume only a tenth of the energy of today's chips, while allowing the power-control unit to be 80 percent smaller.

GM board will again delay decision on Opel's future, report says

General Motors Co.'s board will again postpone a decision on Opel's future at a two-day meeting starting today despite pressure from Germany to accept an offer for the European unit from Magna International Inc, a newspaper reported today. GM's board will delay a decision until October at the earliest, the German business daily Handelsblatt said, citing company sources. The paper said the board favors keeping Opel or, as a second choice, selling a majority stake to Belgian investment group RHJ International, which is offering 300 million euros ($433 million) in cash for a 50.1 percent stake in Opel.