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Chris Forsberg leads Formula Drift season with victory at Long Beach

Last year, Chris Forsberg had the Formula Drift title slip out of his fingers. This year, he kicked off the 2014 season with a victory. Forsberg narrowly lost to Michael Essa in 2013's final round at Irwindale, who won -- on a technicality, despite blowing an engine.

Mazda Minagi concept

Mazda is set to reveal a new concept at the 81st Geneva motor show in March. Called the Minagi, the concept previews a new entry-level compact crossover, which will likely be called the CX-5 when it makes its production debut in Frankfurt later this year. The compact SUV is alleged to 'fully embrace' both Mazda’s Skyactiv technologies as well as the Kodo design language that debuted on the Shinari concept late last year.

EU cuts Co2 Targets to help Euro car makers

In an astonishing outbreak of common sense, EU negotiators last night agreed a deal to ease the draconian Co2 targets for EU car manufacturers. Originally, EU car makers had to meet the new regulations by 2012, but have now won a concession to hit 65% of target by 2012, 75% by 2013, 80% by 2014 and 100% by 2015. This scaling back of the targets was achieved after Germany objected to the original proposals.