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Audi R5, Porsche 550, VW Bluesport 'on hold'

Numerous indications are pointing to the exciting mid-engined VW, Porsche and Audi sports cars being on ice. The group had been collaborating to develop the VW Bluesport, Porsche 550 and Audi R5 - some observers had hailed the new roadsters as the Elise from Germany. Porsche doubts over the 550 But at the weekend Porsche CEO Matthias Muller told German business rag Wirtschaftswoche that he was worried a cheaper Porsche may dilute the brand's image.

Chris Bangle Associates announces 'Illustrate the Future' design competition

Chris Bangle Associates has announced a new design contest called 'Illustrate the Future.' The competition is open to all design students across all design disciplines and coincides with the launch of Managing Director, Chris Bangle's new book. "I have written a fiction book about Car Design and the prologue takes place 25 years in the future," says Bangle. "It contains some concepts I have been working on, and this contest is to see what YOU would make of them." Bangle's novel explores the state of affairs in the car design field and also expresses his concerns about the culture future generations of designers will inherit.

Used car sales hit record high

USED CAR SALES were at their highest in five years in 2013. There was a 0.9% increase in used car trades, with more than 6.8 million exchanges of ownership recorded, though this is still some way behind the previous record high of 7.8 million used car sales in 2008. Analysis from Experian shows cars aged nine years old or over were among the strongest performers in the used car market, with sales up 6% in 2013 compared to the previous year.