Snap On Tool Box on 2040-parts.com

Jaguar slashes prices – in Australia

Jaguar has slashed prices across its range in Australia – by as much as £40,000 – as it fights for a bigger market share. But there’s also a feeling that all those years of protectionist import tariffs have inured Australians to the high price of luxury cars, and that car makers take advantage of that by keeping prices high, regardless of the level of taxes imposed on their products. That means something like a Rolls Royce Phantom costs £650k and a Porsche 911 starts at £150k.

Honda to leave F1

The rumour mill is working overtime on everything cars at the moment. But this story seems to be for real. Honda is set to announce that its Formula 1 Team is to be put up for sale with immediate effect, and if no buyer materialises then it intends pulling out of the new Formula 1 season due to start in March 2009.

Skoda confirms prices for two new models

SKODA has announced prices for its two latest models; the Rapid Spaceback and the facelifted Yeti. The Spaceback, which is 180mm shorter and smaller of boot than the ‘notchback’ Rapid, is designed to be the brand’s long-awaited direct rival to the likes of the Ford Focus and Kia Cee’d. It will start from £14,340 on the road for the 1.2 TSI petrol S model with 85bhp.