London world’s most expensive place to park

REX The average cost to park a car for a day in London is a whopping £42 – making London the most expensive city for car parking in the entire world. This is according to new research by ParkatmyHouse.com, which ranks the UK capital number one, well ahead of the likes of New York, Sydney and Tokyo. On Bing: see pictures of car parking in LondonThe world’s strangest car parks The next most expensive city to park in is Tokyo – a place so notorious for its lack of available parking space the Japanese have an entire class of city cars dedicated to making it easier.

What does owning a car really cost you?

Not many things are more terrifying than looking at your bank statement every month to see how badly you blew it. But aside from the day-to-day expenses, ever wonder where exactly all of your money is going? Our friends at The Wall Street Journal's MarketWatch site say that AAA's annual report on driving costs for 2013 suggest that it's your car sucking the life out of your bank account.

Porsche 918 Spyder microsite goes live

Porsche is entering the hybrid-hypercar market this fall with its pretty 918 Spyder. We saw the first concept 918 way back in 2010, and we've been seeing official photos and video of 918 pre-production mules testing for quite a while now. The early impressions of the driving experience are in, and from what we understand, it's pretty incredible.