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Americans plan to keep their cars longer, AutoPacific study finds

In another chilling sign that auto sales are likely to remain stalled, a new study finds that Americans intend to keep their cars longer, indicating a general concern about the industry and the overall economy. The number of new-car buyers planning to keep their rides more than four years has risen to 59 percent, according to a study released Tuesday by California marketing research firm AutoPacific. That's an increase from last year, when about 45 percent of new buyers intended to wait more than four years for their next purchase, and it's up from 2005's tally of 46 percent.

Koenigsegg Agera R smashes six Guinness world records: Video

Koenigsegg, our favorite hard-to-pronounce Swedish supercar manufacturer, got the word on Wednesday that its latest car has broken six world records. The Agera R, which uses a twin-turbocharged 5.0-liter V8 engine, sprinted from 0 to 300 kph (186.4 mph) in a Stephen Hawking-impressing 14.53 seconds. For us nonmetric types, the Agera R also went from 0 to 200 mph in 17.68 seconds; both runs were verified with a Racelogic VBox recorder.

Ford cuts 2010 prices by up to 15%

Ford has cut prices of its big cars by up to 15% By Tim Pollard Motor Industry 26 March 2010 12:00 Ford today announced sweeping price cuts across its large car range – lopping up to 15% off the price of models such as the Mondeo, S-Max and Galaxy. The news comes after Ford raised price four times in the past year.The Blue Oval has drawn criticism in the past for artificially high list prices, which have penalised business buyers. In the UK, company car tax is calculated by the P11D price which is based on the list price, not the transaction price, and 70% of large Fords are bought by fleets.Private buyers have historically scored large discounts on big Fords, as did corporate buyers – making many question the need for higher list prices.