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Audi hardwood bicycle

Following on from its collaboration with Head for carbon fiber skis, Audi has teamed up with Renovo Hardwood Bicycles to create yet another performance-oriented product. Audi is launching the Duo range of cycles as ‘an embodiment of its core principles of progressive innovation' that aim to blend craftsmanship and styling with performance and technology. As a result, each Duo is built around a monocoque frame that is made from hardwood, which not only increases ride comfort – thanks to the material's ability to absorb shock and vibration – but also serves to reduce weight.

Electric cars enjoyed one of the best months of sales in June 2013

If you think you've been seeing more Teslas and Nissan Leafs on the streets, it's not your imagination -- there really are more of them on our roads. Just in the month of June of this year, almost 9,000 plug-in electric vehicles have been sold in the U.S. This adds to more than 110,000 plug-in electric vehicles that have been sold in this country in the last two and a half years, the Electrification Coalition reports.

Ford names China's Geely as preferred bidder for Volvo

Chinese automaker Geely Group Holding Co. is Ford Motor Co.'s preferred bidder to purchase Volvo Car Corp. Ford said Wednesday that it will start more detailed negotiations with Geely, adding that no final decisions have been made.