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Kia Ray concept car (2010) first news and photos

By Tim Pollard First Official Pictures 11 February 2010 09:00 Kia Motors has picked the 2010 Chicago motor show to unveil its new Ray plug-in hybrid concept car. It's a futuristic look at what a 4.4m-long Kia family car of tomorrow could look like. It's based on the Kia Forte platform, but boosted by a plug-in hybrid system mixing a 151bhp direct-injection 1.4-litre petrol with the latest lithium-polymer batteries.

GM Europe weeks from running out of cash

By Phil McNamara Motor Industry 03 March 2009 19:03 GM Europe will run out of cash ‘early in the second quarter’ of 2009, unless the divison secures $3.3bn in funding from European governments. Speaking today (Tuesday 3 March), GM chief operating officer Fritz Henderson revealed that insolvency loomed, due to the plunge in European car sales and GM’s liquidity crisis in North America. He ruled out a swift cash injection from private investors, saying that no talks had taken place and that lengthy negotiations and due diligence would take too long.

New cars 'cheaper to insure' for young drivers

NEW CARS are actually cheaper for young drivers to insure than old bangers, insurance broker Be Wiser has claimed. Figures from the company reveal that the cheapest car for youngsters to insure at the moment is a Volkswagen Up, which costs around £3,000 per year based on a 17-year-old driver in a large city. The same customer looking to insure a 20-year-old Ford Fiesta would be facing a bill of almost £4,000, with insurance premiums even higher in some parts of the country.