Vexilar Sp300 Sonarphone T-box Portable Installation Pack on 2040-parts.com

Peugeot 3008 HYbrid4 first of string of new Peugeot hybrids

Peugeot will launch the new 3008 HYbrid4 crossover in autumn 2011 as the world's first diesel-electric hybrid car - and it's the first in a string of hybrid cars coming from Peugeot and Citroen. The 3008 HYbrid4 will be followed by a brace of 508 hybrids in spring 2011, and engineers have told CAR that any car on the mid-sized PF2 and full-sized PF3 platforms can use the same innovative electric 4wd architecture.  Although pricey at £26,995, Peugeot expects to sell 10,000 of the 3008 HYbrid4 in its first full year and the parent group PSA Peugeot Citroen is targeting 100,000 annual sales of hybrids as soon as 2015. Peugeot 3008 HYbrid4: the lowdown Peugeot has picked its mid-market crossover the 3008 to premiere its first hybrid engine.

GM posts $6 billion loss, burns $10.2 billion in cash as sales fall

General Motors, facing a June 1 U.S. restructuring deadline to avoid bankruptcy, posted a $6 billion net loss in the first quarter and burned through $10.2 billion in cash as global auto sales plunged. GM had $11.6 in cash reserves on March 31, down from $14.2 billion at the end of the fourth quarter.

Video: Ferrari F70 caught drifting at Fiorano

0-60 tipped us off to this short video of Ferrari's forthcoming Enzo successor drifting its way around Ferrari's Fiorano test track. The F70's V12 can be heard, though there's no evidence of the rumored KERS-like hybrid system. Ferrari tells us to expect a sub-2,500-pound curb weight, and we're also hearing the 920-hp figure bandied about.