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Hyundai ix35 Hydrogen FCEV helps kick off EcoIslands Global Summit

The Hyundai ix35 Hydrogen Fuel Cell has helped kick off the EcoIslands Summit on the Isle of Wight promoting renewable energy for Islands. Maybe, now more and more car makers and suppliers are starting to lose interest in BEVs (Battery Electric Vehicles), we can look properly to future prospects for an energy source for powering the world’s cars? And none, short of cold fusion becoming a reality, offers more promise than Hydrogen, the most plentiful element in the universe.

McLaren F1 sells for $8.47 million at Gooding & Co’s Pebble Beach Auction

McLaren F1 chassis #66 (pictured) has sold for $8.47 million There’s been an inexorable rise in the price of classic cars in recent years as rich men realise that certain classic cars not only have huge appeal, but appear to be going only one way in price. Add to that – certainly in the UK – that any profits made on the sale of a classic car you’ve bought for your own enjoyment are tax free, and it’s no shock that values keep rising, and the rarer the car the more they rise. So with only 64 road cars made, the McLaren F1 can be considered a sound investment, with values rising since it first sold in the 1990s for around £640,000 to a new world record auction price set last night of £8.47 million (around £5.42m).

Lotus Cars prepares to hire Lutz, Purves as advisers, sources say

Lotus Cars Ltd. is poised to tap former General Motors Co. product guru Bob Lutz and retired BMW executive Tom Purves to advise the British niche carmaker on a five-year turnaround plan.