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Fisker, Energy Department face tough Congressional hearing on federal loans

Struggling Fisker Automotive took a bludgeoning Wednesday on Capitol Hill from top congressional Republicans who compared Fisker to failed automotive startups of the past and lambasted the Department of Energy for allowing the electric-car producer to draw down nearly $200 million in taxpayer-funded loans. House Oversight Chairman Darrell Issa, R-Calif., told Fisker founder Henrik Fisker that he will be remembered fondly for his design work for BMW and Aston Martin. But he compared Fisker to Malcolm Bricklin, John DeLorean and Preston Tucker -- three entrepreneurs known for their failed startup car companies.

Watch sinkhole form at National Corvette Museum

The National Corvette Museum in Bowling Green, Ky. has released security-camera footage showing the formation of the sinkhole that swallowed eight rare cars yesterday. The 40-foot-wide sinkhole, which could be between 25 and 30 feet deep, opened at roughly 5:44 a.m.

Vauxhall Promotes ‘Black Box’ Insurance Tech For Young Drivers

CASH-STRAPPED young drivers rejoice – Vauxhall is to offer drivers between 18 and 20 one year’s insurance cover for a one off payment of £99. To qualify you’ll need to opt for one of Vauxhall’s Corsa Excite or Limited Edition models. The car maker is teaming up with insurance provider ingenie, and each car is fitted with ‘black box' technology which monitors driving style, including speed, acceleration, braking and cornering.