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Families spending less on transport - new figures revealed

THE LATEST Family Spending data shows that UK households spent £489 on average per week in 2012, according to the Office for National Statistics. Once inflation is taken into account, average spending has decreased since 2006 when households spent £526.40. Transport has seen the biggest spending reduction taking inflation into account, falling from £87.10 per week in 2001/2002 to £64.10 in 2012 despite the price of petrol increasing substantially over this period.

Toyota to build Highlander hybrid in Indiana

Toyota Motor Corp. will invest $400 million to build a hybrid version of the Highlander crossover in Princeton, Ind. Toyota already builds the Highlander in Indiana but the hybrid Highlander has been assembled in Japan.

Modified Mercedes turned to gold

GERMAN tuning firms are known for occasionally crossing the barriers of taste, but this latest offering from Carlsson appears to have gone into new territory. Called the CS50 Versailles – after the Palace of Versailles that King Louis XIV turned into a opulent chateau – it’s based on the latest generation Mercedes-Benz S-Class, which is hardly a car short on luxury. But that hasn’t stopped Carlsson turning it into an automotive homage to gold.