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Honda cancels V8 program, S2000 and CR-Z convertible, report says

Fun appears to be on the chopping block at Honda. Plans for the successor to the S2000 sports car, a lineup of rear-drive Acuras, a proposed V8 engine and a drop-top built off the CR-Z hybrid are all dead, according to a report in a British magazine. The reason: Honda is rethinking its product plans as it grapples with the global downturn in sales and economic conditions, Autocar is reporting.

New Skoda Octavia vRS costs from £22,990

New Skoda Octavia vRS (pictured) costs from £22,990 Skoda’s take on the VW Golf GTI – the Skoda Octavia vRS – was revealed last month ahead of its debut today at the Goodwood Festival of Speed, and now we know it will costs from £22,990. For your £22,990 you’ll get the Octavia vRS with the 2.0 litre TSI engine delivering 217bhp and 0-62mph of 6.8 seconds. Pay a bit more (£23,260) for the diesel (why would you want to do that?) and you’ll get 181bhp from the 2.0 litre TDI and get to 62mph in 8.1 seconds.

Cadillac SRX: Redesigned, smaller and less expensive

Cadillac is enhancing its line with a redesigned 2010 SRX and the addition of the 2010 CTS wagon. Both vehicles go on sale in late summer. Cadillac's redesigned 2010 SRX will carry a $34,155 sticker price, $7,080 less than the V6 crossover it replaces.