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Peugeot 408 GT teased ahead of Beijing 2014 debut

Peugeot will show a new concept car at the 2014 Beijing Motor Show this April, hinting at a small four-door coupe that could rival the Mercedes-Benz CLA. The prototype will most likely be based on the French firm’s current 308 hatchback – underpinned by PSA Peugeot Citroen’s latest EMP2 platform – and will continue to evolve the brand’s new design direction. On Bing: see pictures of the Peugeot 308 Find out how much a used Peugeot 308 costs on Auto Trader The concept is thought to be relevant to the Chinese market only, however, as Peugeot already sells a 408 saloon model solely in that territory, based on its older 308 hatch.

Jenson Button in McLaren P1 (2013) supercar fly-by

McLaren’s P1 supercar trundled out for its first official drive-by today, when F1 driver Jenson Button drove it into McLaren’s Woking citadel before unveiling his 2013 race car. The stunt confirmed that the P1 can manoeuvre on electric power alone, unlike Button’s MP4-28: the race car’s hybrid KERS system is used to deliver a short power boost to supplement the V8. McLaren predicts the P1’s electric-only mode is a capability its forthcoming Ferrari rival (codenamed F150) won’t be able to match.

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.