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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.

Maserati Kubang

Maserati today unveiled its new Kubang sport luxury SUV, the Italian brands's first foray into the segment. The Kubang, making its debut at the Frankfurt motor show, is said to be the forerunner of the future Maserati range. Previously revealed in concept form at the 2003 Detroit motor show, Maserati claims the production version of the Kubang maintains the main features of its concept precursor, such as the style, engine, suspensions, brakes, handling and performance. The manufacturer has for years been producing sedans, coupes and two or four-seater convertibles, but the Kubang is the first of its kind to be created by Maserati.

Climax Sports Racer revealed

The £92,000 Climax Sports Racer British firm Climax has revealed it’s readying a road-going race-car to rival others in the niche like the Ariel Atom and the Caparo T1. Imaginatively named The Climax Sport Racer the new car gets powered by a Ford 4.6 V8 developing 345bhp with a supercharged version offering 415bhp. All that grunt is driven through the rear wheels by a 6-speed Graziano GT ME1 gearbox.