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Fisker gets funding for Karma & NINA

The Fisker Karma - should move to market quickly with new funding But late yesterday the DOE in the US approved loans to Fisker of $528 million (around £323 million). That should help. The loan is aiming to secure production of a plug-in hybrid in the US, which probably means the lower cost car Fisker has been talking about for some time.

UK car production jumps as Europeans buy British

The UK’s car production jumped by 12% last month as demand from Europe for British-built cars increases. Nearly 80% of cars made in the UK are exported worldwide, and 142,158 were produced in March 2014 – compared to 126,909 in March 2013. Official: UK car production is booming UK car production hits six-year high That means so far this year the UK has built 404,803 cars, a rise of 2.9% compared to this time last year.

Porsche: Plans for new small Roadster dropped

Porsche boss confirms no 21st century Porsche 550 will be built Porsche has finally dropped plans for a new small roadster to sit below the Boxster and based on VW’s BlueSport. The idea of a smaller Porsche to sit below the Boxster has been floating around for what seems like forever. But it seems like the idea has finally been put out to grass by Porsche boss Matthias Mueller.