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Mitsubishi bringing i MiEV Sport Air concept to Geneva

Mitsubishi will show another iteration of its sporty micro-size electric car with the debut of the i MiEV Sport Air concept at the Geneva motor show in March. Building on the i MiEV Sport, which we first saw at the Tokyo motor show in 2007, Mitsubishi adds a clear removable roof and slight alterations to the front fascia. A lithium-ion battery powers three magnetic synchronous motors--one in each front wheel and one to drive both rear wheels--with an all-wheel control system managing stability and traction control, and ABS for optimal stability and performance.

Chevy, Michigan Tech unveil a different kind of racer

At the 113th Army-Navy Game on Dec. 8, Chevrolet and students from Michigan Technological University unveiled a new hand cycle designed to make it easier for wounded vets to compete in racing events, including marathons. General Motors CEO Dan Akerson said GM will build 10 prototypes for use by the Achilles Freedom Team of Wounded Veterans in marathons across the country.

Lamborghini reports drop in profits

Lamborghini has announced a pre-tax loss of £32m for 2009 as the world recession led to a slump in supercar sales. Lambo delivered 1515 supercars last year, down 38% from 2008's 2430.  Turnover dropped 41% to £215m. It's a far cry from the dizzy heights of the boom years.