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Audi pulls plug on €40k A2 electric car

CAR can reveal that Audi has cancelled its electric A2 city car project, citing concerns over the model's projected €40,000 price tag. But the A2 is not the only Audi to be put on ice in Audi's electric car review. The A1 e-tron also looks to have been axed, as Audi slims down its future EV plans.

Peugeot 308 stars at the 2013 Frankfurt Motor Show

Peugeot is going up-market with its new 308 hatchback, making its world premier here at Frankfurt 2013. Quality and sophistication is the target for the new car, with the French firm setting its sights high. Question is, can it deliver on the promise and truly compete with premium rivals, such as Audi and VW?

1957 Ferrari sells for record $12.1 million at auction

A 1957 Ferrari 250 Testa Rossa once again blew away the competition, setting a world record for cars sold at auction when it fetched an eye-popping $12.1 million on Sunday at an event on the grounds of the Ferrari factory in Maranello, Italy. The Testa Rossa was one of just 22 produced from 1957 to 1958, and the Scaglietti design is marked by prominent pontoon fenders. The cars also were successful racers, winning 10 of the 19 international races they entered from 1958 to 1961.