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The Mitsubishi Evo is dead

As Mitsubishi shifts its global lineup toward utility vehicles and electrified cars, it will pull the plug on the Lancer Evolution at the end of the nameplate's current generation. “Mitsubishi Motors does not have any plans to design a successor with the current concept, as a high-performance four-wheel drive gasoline-powered sedan,” spokeswoman Namie Koketsu said, describing the car as having “icon” status. “Mitsubishi Motors will explore the possibilities of high-performance models that incorporate electric vehicle technology.” Dropping the Evo was foreshadowed last fall when President Osamu Masuko unveiled a new mid-term business plan that would deprioritize in-house sedans and explore sourcing them through joint projects with the Renault-Nissan Alliance.

Tesla Model S UK Prices – starts at £54,900

Tesla Model S UK Prices – starts at £54,900 We’d always expected the appealing Tesla Model S EV to cost at least £60k for the entry-level model, so it’s a pleasant surprise that you’ll be able to grab the 60kWh model with its (up to) 240 mile range for £49,900 after the UK taxpayer has chipped in a £5,000 bribe to get you to drive an EV. Even the range-topping Model S Performance with its 310 mile range, 416bhp and a very rapid 0-62mph of 4.2 seconds will only cost £68,700 (after £5k rebate). That’s almost a bargain, especially if you get your model S courtesy of your business.

Porsche finally becomes a VW company

Volkswagen has announced it is to finalise its takeover of Porsche by buying the remaining 50.1 per cent of Porsche stock for €4.46 billion. The takeover of Porsche by VW has been a long and rocky road, but then family fallouts are always messy. It all started with Porsche attempting to consume VW, but some clever manoeuvring by Ferdinand Piech thwarted the efforts of his cousin, Wolfgang Porsche, to swallow up his business and the financial crisis saw Porsche rack up €10 billion in debt in the process.