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Urban gridlock costs economy £4.4bn

GRIDLOCK in urban areas is costing car-commuting households £4.4 billion a year, according to a report. Congestion in London accounts for £2 billion of the overall annual cost, the report by traffic information company Inrix and the Centre for Economics and Business Research (Cebr) showed. The report was compiled by studying congestion in the UK's 18 largest urban areas.

No sign of global auto meltdown at Tokyo Auto Salon

With more than 600 cars on display and a record number of exhibitors, nothing at the 2009 Tokyo Auto Salon tuner show hinted at the global economic downturn. As always, there was a great mix of styles, from hard-core, 1,000-hp, supertuned machinery to weird customized scooter tricycles. Auto manufacturers tried hard to capture the minds--if not the wallets--of the younger-than-30 crowd with customized versions of production cars, while tuners were busy persuading power junkies to choose them for their next engine modification.

Ferrari 458 Italia to get folding Hard Top

Looks like the Ferrari 458 Italia Spider is getting a folding hard top You don’t need to be a supercar guru to know that Maranello’s latest mid-engined wonder – the Ferrari 458 Italia – is going to spawn a convertible version in the not too distant future. And if you claim to be a Ferrari aficenado you can probably proclaim – with reasonable certainty – that it will be a rag-top Spider. But it looks like you could be wrong.