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Volvo and Pininfarina to end their Swedish joint venture for the C70

Volvo Car Corp. will take full ownership of a Swedish car assembly joint venture that it started eight years ago with Italy's Pininfarina S.p.A. Volvo said it will assume responsibility for Pininfarina Sverige AB and its operations in Uddevalla, Sweden, in May 2013.

New Porsche Cayenne Turbo S (2013) arrives

Porsche has revealed the 2013 Cayenne Turbo S, the range topping Cayenne with an extra 50bhp and a £107.5k price tag. The 2013 Porsche Cayenne Turbo S has been revealed with a few subtle cosmetic changes and an extra 50bhp and 37lb/ft of torque to add to the Cayenne Turbo’s 500bhp and 516lb/ft. Porsche has released the extra 50 horses in the Turbo S by making the inlet manifold more-free flowing, turning up the boost a bit and plugging in their laptops to have a fiddle, the result of which is a 0-62mph of 4.5 seconds and a top speed 3mph more.

British EV prototype competes for $10m prize

A Silverstone-based company has emerged as the only British (and European) contender for the $10m Automotive X-Prize, a competition to find the most environmentally friendly car on the planet. Delta Motorsport’s E-4 Coupe concept has been accepted into the next stage of the X-Prize competition and the company now has to prepare a fully functioning prototype. Backed by an American insurance company, the X-Prize was set up to 'inspire a new generation of viable, super-efficient vehicles that help break our addiction to oil and stem the effects of climate change'.