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New Stratos (w/ Gallery)

After weeks of speculation, the official story and pictures of the reborn Lancia Stratos – officially named 'New Stratos' – have been revealed. While the car's design and concept are obviously related to the 2005 Fenomenon Stratos – a venture headed by RCA graduate Chris Hrabalek – design and development have been completed by Pininfarina. Initially headed by Jason Castriota before he left – ironically for the original Lancia Stratos' birthplace, Bertone – Luca Borgogno completed the exterior and interior design.

Porsche Panamera and Cayenne recalled for turbo issues

Porsche is recalling certain 2011 and 2012 Panamera Turbo and Turbo S sedans and the Cayenne Turbo for a problem with the turbine wheel of the turbocharger. A summary of the problem on the NHTSA site states that the wheel might fracture because of a casting defect. If that occurs, vehicle performance will be decreased and the turbine shaft might fracture, leading to more expensive repairs.

Electric cars get a £500 million government cash boost – but will it get spent?

The new BMW i3 EV (pictured) will be subsidised until 2017. The subsidy of up to £5000 paid to buyers of electric cars has been with us for three years, but it hasn’t had much impact on EV sales and it did look like the government had decided to scrap it all together. But it looks like the coalition has allowed Nick Clegg to have his way with EV subsides in a move that will see £500 million injected in to promoting and supporting electric cars in the UK in the next few years.