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2013 Porsche Carrera 4 set for reveal Paris motor show reveal

Porsche has lifted the veil on the fifth-generation 911 Carrera 4 all-wheel-drive sports car ahead of a September premiere at the Paris motor show. It is expected to reach North American showrooms in February as a 2013 model. The 911 Carrera 4 has a widened body with rear side panels extending 0.9 inches beyond the standard rear-wheel-drive 911, which allows for wider rear wheels and tires.

Councils make £594m from parking

RECORD SURPLUSES from parking revenues have been achieved by councils, according to the RAC Foundation. In 2012/13 councils in England generated a combined "profit" of £594 million from their on and off-street parking operations, the foundation said. This was a 5% increase on the figure of £565 million for 2011/12, and just 52 of the 353 parking authorities in England reported a deficit in 2012/13.

Production of U.S.-spec Lotus Exige and Elise to end in August

The end is near for production of U.S.-specification versions of the Lotus Elise and Exige sports cars. Lotus said on Thursday that it will pull the models from the United States because the airbags no longer meet safety standards. Rules require cars to have smart airbags, which adjust deployment for the speed of impact.