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Porsche Panamera plug-in hybrid set for 2014

Porsche AG will build a plug-in hybrid version of the Panamera sedan starting in 2014, sources familiar with the situation said last week. The plug-in hybrid likely will come to the United States, but the timing is unclear, a source said. Volkswagen AG, which owns 49.9 percent of Porsche's sports car business, will roll out plug-in hybrid versions of the Audi Q7 crossover and European-sold VW Passat starting in 2014 or 2015, a source said.

Lifetime of commuting 'costs £50,000'

A CAREER-LONG commute is likely to set a worker back an average of £50,000, according to a survey. For a Londoner starting work at 18 and finishing at 65, the cost of commuting could reach as high as £66,000, the poll by investing service Nutmeg.com found. Overall, commuters will spend an average of 10,634 hours travelling to and from work in their lifetime - the equivalent of 443 days.

Caterham announces cut-price Seven 160 sports car

BRITISH sports car maker Caterham has announced a new low- priced version of its long-running Seven model. Dubbed the Seven 160, the new model starts at a measly £14,995 in component form or £17,995 fully built. Under the bonnet there is a turbocharged 660cc Suzuki engine and although this only offers up a modest 80bhp, that's still enough to power the lightweight Seven from 0-60mph in 6.5 seconds.