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Fiat to spend big, dump the Punto & revive flagging fortunes by going upmarket

Fiat Punto to be axed as Fiat moves upmarket Fiat are having a very rocky ride as the Italian economy lurchges from one crisis to another. But Sergio Marchionne has a plan to put Fiat back on track. Spending of €9 billion over the next three years is planned to revive production in Italy, rationalise the Fiat range and continue to push upmarket with Maserati and Alfa Romeo.

Gordon Murray's electric city car gets green light

The UK Government tonight announced a major investment in Gordon Murray's radical new city car project. A £9 million grant will fund development of the T27, an electric city car successor to the original T25 being designed in the UK by the maverick engineer behind the McLaren F1 and numerous racing cars. The money will be spent designing and producing four prototypes over a 16-month period, with the eventual aim of putting an electric car with sustainable manufacturing processes into full production here in the UK.  The T27 will be the follow-up to the petrol-powered T25, a small city car designed by jointly by Gordon Murray Design and Zytek Automotive technology.

Pebble Beach Debut For New Range Rover Sport SVR

LAND Rover is taking the performance SUV fight to Porsche as the Brit luxury car maker has unveiled a 550 horsepower version of its popular Range Rover Sport. The car, which is being launched at the prestigious Pebble Beach concourse event, is the fastest, most powerful Land Rover ever produced and the first to wear the SVR designation being adopted by future Land Rover and Jaguar high-performance models. The Range Rover Sport SVR accelerates from 0-60mph in 4.5 seconds and boasts a top speed electronically limited to 162mph plus a Nurburgring Nordschleife lap time of 8 minutes 14 seconds – one of the fastest times ever recorded by a production SUV.