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How Fisker fell apart

At last week's politically charged congressional hearing on the troubles of Fisker Automotive, Rep. Jim Jordan, R-Ohio, said that the company had "no business acumen" and that "taxpayers have effectively subsidized luxury novelty vehicles for the likes of Justin Bieber, Leonardo DiCaprio and Al Gore." Ouch. Republicans eager to score points against President Obama had a field day last week with Fisker.

USED CAR BUYER CONFIDENCE “UNLIKELY TO IMPROVE” IN 2011 SAYS RAC

USED CAR buyer confidence is unlikely to improve significantly in 2011, meaning that demand for safety net products such as extended warranties will remain strong, says RAC Warranty. The company points out that at the end of 2010, used car warranties are still being enhanced – by both length of time and depth of cover – at around the same rates as during the worst parts of the recession, indicating that the mood of consumers remains cautious. Ian Simpson, sales and marketing director, said: “Next year, the measures that the coalition Government has undertaken to reduce public spending will really start to bite and that will have a definite impact on general confidence.

Mitsubishi Concept PX-MiEV Ⅱ

Mitsubishi is set to unveil a duo of concepts at the Tokyo motor show later this month, the first of which is the snappily titled Concept PX-MiEV II. The PX-MiEV II is a plug-in hybrid-powered, mid-sized corssover. Externally, the PX-MiEV II appears to be similar in concept to its Outlander stable mate, with a high DRG featuring lights that run into the plexi-grille; a subtle reminder of the car's electric drive train.