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Sergio Marchionne warns of strife ahead in Europe

Fiat chief exec Sergio Marchionne today warned of troubled waters ahead as Europe's car makers prepare for a radical restructuring. Marchionne, who's the current president of trade body ACEA, said factory closures were looming and repeated his call for a concerted EU-wide response to overcapacity. He warned that national interest was blocking action to strip out excess capacity, caused after European new car demand crashed by 3 million in the past five years.

Vuhl 05 is a Mexican Ariel Atom – costs from £66,000

The Vuhl 05 (pictured), track-focused road car, has been revealed The Vuhl 05 – which has been teased recently – was unveiled this afternoon in London as Mexico’s answer to the Ariel Atom. The Vuhl 05 uses a bonded monocoque with honeycomb panels and aluminium covered on plastic panels to keep weight down to just 695kg. That means that even though the Vuhl 05 has only 285bhp available from its mid-mounted 2.0 litre turbo Ford EcoBoost engine, it can still get to 62mph in 3.7 seconds thanks to a power to weight ratio of 400bhp per tonne.

Honda prices 2014 Odyssey minivan

The 2014 Honda Odyssey minivan will start at $29,655 including destination when it hits dealerships in July. The upper echelon family hauler will sport a six-speed automatic -- replacing the five-speed -- and 3.5-liter V6 making 248 hp and 250 lb-ft of torque. Fuel mileage is up to 19 mpg in the city and 28 on the highway in part because of Honda’s Variable Cylinder Management.