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Honda fires new F1 engine for first time

EVEN BEFORE the 2013 Formula 1 season has ended preparations and development are already well under way for next year, especially so because of a radical change to the rules. From 2014 all cars will be powered by small 1.6-litre turbocharged V6 engines, signalling the end of the current 2.4-litre non-turbocharged V8 engines, bringing them closer in basic layout - if not output - to normal road car engines. For Honda 2015 is a return to the sport in partnership with McLaren, and the Japanese firm's engines will power the 2015 McLaren challenger.

General Motors reshuffles Executive Design leadership team

General Motors will be changing its Executive Design leadership team around in the coming months to accelerate global product development. The announcement came on the heels of news regarding the giant automaker being surpassed by rival Toyota in global sales. In an effort to bring itself out of the red, the company is reshuffling its design team in several areas.

Toyota Prius slashes price to match Honda Insight

Toyota Motor Corp. is going for the jugular with its redesigned Prius, setting a 2.05 million yen starting price ($20,750) in Japan that is on par with the newly released Honda Insight. Toyota notified Japanese dealers of the cutthroat pricing policy for its redesigned 1.8-liter gasoline-electric hybrid on March 25, dealers in Japan say.