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Mitsubishi i MiEV electric vehicle priced at $45,660

Mitsubishi Motors Corp. has priced its new electric vehicle at 4.38 million yen, or $45,660 at current exchange rates, and wants EVs to account for 20 percent of its global output by 2020. Mitsubishi unveiled the production version of its i MiEV battery-powered car on Friday, saying it aims for 1,400 lease sales to corporate customers and local governments by March 31, 2010.

Cadillac relaunches in Europe with new models for 2011

Cadillac is relaunching in the UK after a disastrous year in which its European importer went bust locking its entire stock in the hands of the liquidators. Now Cadillac is back – and it’s promising a wider range of more relevant cars than before. However, the appeal in the UK will be stymied by the admission that only two models – the CTS saloon and estate – will be engineered for right-hand drive.

Ford Shelby GT500KR and F150 Foose (2007): first official pictures

By Liz Turner First Official Pictures 30 March 2007 04:12 Ford Shelby GT500KR: the lowdown Ford’s latest Shelby Mustang special packs a 540bhp punch, and will be flexing its muscles at next week's New York Motor Show. It’s called the Ford Shelby GT500KR, in homage to the 1968 original, and just 1000 Coupes go on sale in spring 2008. KR means King of the Road, a name GM had intended to use until Shelby got wind of it and grabbed the crown first.