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Elio three-wheel prototype revealed

Elio Motors unveiled a prototype of its two-passenger, three-wheeled vehicle Wednesday, confirming the all-new vehicle will have a $6,800 base price when it goes on sale in June 2014. Paul Elio, company founder and CEO, said the vehicle is targeted at first-time or cash-strapped buyers, as well as for families who already have a family car and are seeking something inexpensive for daily commuting. Its sub $7,000-base price makes it almost half the price of the cheapest car in the U.S.

Eterniti Motors: a new UK-built luxury SUV (2012)

A new British car company will launch at the 2011 Frankfurt motor show - Eterniti Motors - and its first car will be a luxury crossover. Incredibly, the new bespoke manufacturer will be based in London, where it says it will design and assemble its new top-end cars. The first model, which doesn't have a name yet, will be a crossover in the mould of the Lagonda SUV: a £150,000-200,000 luxury 4x4, based on the mechanicals of a mainstream crossover.

Lexus LF-A still on the cards

With the car world in turmoil, and buyers running scared of high performance cars, most of the car makers around the world are shelving their high-end projects until things settle down. Honda has announced that it has put its NSX replacement on ice (although it is apparently still going to show it at Detroit) and other manufacturers are concentrating on their frugal products. But Toyota is taking a different tack.