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Peugeot 3008 HYbrid4 first of string of new Peugeot hybrids

Peugeot will launch the new 3008 HYbrid4 crossover in autumn 2011 as the world's first diesel-electric hybrid car - and it's the first in a string of hybrid cars coming from Peugeot and Citroen. The 3008 HYbrid4 will be followed by a brace of 508 hybrids in spring 2011, and engineers have told CAR that any car on the mid-sized PF2 and full-sized PF3 platforms can use the same innovative electric 4wd architecture.  Although pricey at £26,995, Peugeot expects to sell 10,000 of the 3008 HYbrid4 in its first full year and the parent group PSA Peugeot Citroen is targeting 100,000 annual sales of hybrids as soon as 2015. Peugeot 3008 HYbrid4: the lowdown Peugeot has picked its mid-market crossover the 3008 to premiere its first hybrid engine.

Bruce Weiner Micro Car auction: Day 1 wrap

Yesterday's strong bidding left many attendees in disbelief. As the gavel fell on a 1959 Goggomobil TL-400 Transporter Pickup for the top pre-auction estimate of $125,000, anyone who had dismissed RM's estimates as optimistic was reappraising the situation. Several people have brought up the legendary $112,000 sale of an Amphicar at Barrett-Jackson's Scottsdale sale in 2006.

Audi to engineer next Porsche Cayenne

Audi will develop Volkswagen group's Porsche Cayenne, VW Touareg and Audi Q7 large SUVs in the future. Currently, Porsche has responsibility for engineering the three models, which share the same underpinnings. The decision to transfer developement to Audi comes after Porsche was chosen instead of Audi to be the lead developer for large luxury sedans and sports cars within VW group.