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Morgan AeroMax For Sale: Hammond Morgan – just one prang

Richard Hammond's Morgan Aeromax is up for grabs at £100k As well as the joy of having a BBC budget to play with endless cars around the world, being a Top Gear presenter is also quite lucrative. Beyond the not inconsiderable salaries attached to presenting TG, the profile Top Gear affords has made stars out of the previously unknown Hammond and May, presented them with other lucrative presenting jobs and let their every uttering in print hit the best-seller lists. Captain slow may drive a Panda around town, but he has an F430 for play.

Cadillac releases second ELR teaser

Cadillac has released the second teaser image of the 2014 ELR electric vehicle ahead of its world debut next week in Detroit. The heavily-camouflaged ELR, which will be unveiled on 15 January, was photographed driving through the mountains of Southern California during development testing. The car will be a sporty two-door coupe that was previewed by the Converj concept, which made its debut at the 2009 North American International Auto Show (NAIAS).

Designer Tom Matano part of start-up car company in Louisiana

A new auto company backed by Texas billionaire investor T. Boone Pickens and staffed by former Mazda design chief Tom Matano plans to build "environmentally friendly" vehicles in Louisiana. V-Vehicle Co., of San Diego, will bring about 1,400 workers to a Monroe plant that once belonged to General Motors, according to a statement Wednesday from the Louisiana Economic Development Web site.