Porsche is developing a new four-cylinder engine set to power entry-level model

High-ranking officials at Porsche's Weissach research and development center in Germany have confirmed that engineering work is progressing on a four-cylinder horizontally opposed gasoline engine, details of which were first revealed by Autoweek earlier this year. The new boxer unit--which is earmarked to power a new mid-engine, entry-level model that insiders describe as a spiritual successor to the iconic 550 Spyder--looks set to become an integral part of Porsche's future model plans. Insiders suggest it will also be offered on the third-generation Boxster and the second-generation Cayman later on in their respective model cycles.

1912 Oldsmobile fetches $3.3 million, sets record at auction

A 1912 Oldsmobile—believed to be the only one of its kind still in existence—fetched $3.3 million last weekend, spurring total sales of $38.3 million at an auction in Florida. The vintage car, an Olds Limited five-passenger touring, is thought to be one-of-a-kind, as none of its now century-old contemporaries are known to have survived in that trim. It wears chassis No.

Mazda launches amazing MX-5 CC

By Chris Chilton Motor Industry 07 August 2006 07:08 Mazda is claiming the world's first no compromises coupe-convertible, with its MX-5 Roadster-coupe. Traditionally, folding tin-tops keep out thieves but steal luggage space. They boost refinement, but make handling less tidy.