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New Kia Soul for 2013 Frankfurt Motor Show

The new second-generation Kia Soul crossover will make its European debut at next month’s 2013 Frankfurt Motor Show, boasting increased practicality and improved efficiency over its predecessor. Based on the latest Kia Ceed hatchback platform, the new car goes on sale in the UK early in 2014, with prices expected to start around £13,000. The 2014 Kia Soul will be available with the firm’s latest 133hp 1.6-litre petrol and 126hp 1.6-litre turbodiesel engines.

Ferrari sets personal best in China

It was a solid year for Ferrari in the burgeoning Chinese car market in 2010, as the Italian dream maker racked up its most impressive sales in that country with a tally of 300 cars. Sales were up almost 50 percent compared with 2009 results. With 10 current dealerships and the addition of some new business partners, Ferrari expects the added sales for Hong Kong and Taiwan will elevate the region to one of the company's top five international markets.

Williams F1 sells Williams Hybrid Power to GKN for £8 million

GKN have bought williams Hybrid Power in an £8 deal Back in 2010 we reported on a flywheel developed by Williams F1 that recoups energy from braking, and was fitted to a Porsche 911 GT3 to give an extra boost of power. Williams F1 developed the Flywheel technology with a start-up company, which it bought out for £1.5 million in 2010, and now that company – which became Williams Hybrid Power – has been sold to GKN in a deal worth £8 million – and a share of sales revenue going forward – and is being renamed GKN Hybrid Power. The plan is to use the flywheel technology to reduce fuel consumption of transport that is constantly stopping and starting – it’s currently being used on a bus operating in London – and  Williams expect it could cut fuel use by up to 30 per cent.