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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.

Obama: U.S. fleets must use alternative-fuel vehicles by 2015

President Barack Obama said Wednesday that starting in 2015, all new cars and trucks bought by the federal government will be hybrids, electric vehicles and other alternative-fuel vehicles. The government operates more than 600,000 fleet vehicles. Obama, in a far-ranging speech about U.S.

Mystery Porsche prototype destroyed in fire near Stuttgart

According to the Porsche-lovers at flatsixes.com, an unknown Porsche prototype caught fire after being taken home by an employee earlier this week. It reportedly took 19 firefighters to extinguish the blaze, which occurred in a home garage in Ludwigsburg, Germany (a city located near Porsche's home in Stuttgart). Fortunately, the employee and his wife suffered only minor injuries, but we assume the prototype is a complete loss.