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Magnum MK5 to debut at Boca Raton Concours

New supercar-company releases hit our email inboxes almost as much as news about natural male enhancements does. Mostly, we pay them no mind; the majority of these “upcoming” hyper-hyper cars never make it out of the computer-rendering phase. But when a company claims Formula One driver Gilles Villeneuve as one of its first customers, we take notice.

Obama sought Ghosn to run GM, ex-car czar says

The Obama Administration initially wanted Nissan-Renault CEO Carlos Ghosn to run GM after Rick Wagoner was ousted in 2009, and repeatedly pressed Fiat to put up cash for a stake in Chrysler, according to an upcoming book about the government bailout of General Motors and Chrysler. Steven Rattner, President Obama's auto adviser who steered the government's $85 billion bailout of GM and Chrysler, is about to publish a tell-all account about his six-month stint inside the White House. The Detroit News, Washington Post and Huffington Post obtained draft copies of the book--"Overhaul: An Insider's Account of the Obama Administration's Emergency Rescue of the Auto Industry." It is scheduled to be published Oct.

Toyota’s Take On Personal Transport Hits The Streets

JAPANESE car maker Toyota has launched the first public trials of its ultra-compact i-Road electric three-wheeled ‘personal mobility vehicle’ to find out how it shapes up in the cut-and-thrust of real-world urban driving. Consumer testing in Tokyo is set to run through to early June, with 10 of the single-seater vehicles taking to the city streets. The 20 people involved in the programme range from industry experts through to members of the general public, so that Toyota can gain a wide range of feedback on what the i-Road is like to drive, how easy it is to use around town, how it affects people’s decisions about what journeys to make.