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Koenigsegg One:1 loaded up for the Goodwood Festival of Speed

The Koenigsegg One:1 ready to load up for Goodwood We revealed last month that the Koenigsegg One:1 – Koenigsegg’s new MegaCar – would be heading for its UK debut at the Goodwood Festival of Speed. But Koenigsegg – and it’s UK dealer, Supervettura – aren’t just turning up with a single One:1 static display. Oh, no.

2015 BMW i3 official photos

The BMW i3 has been officially released as of today, simultaneously worldwide in London, New York City and Beijing. The city car is powered by an electric motor producing the equivalent of 170 hp and 184 lb-ft of torque. The rear-wheel-drive, 2,635-pound car can sprint to 62 mph (100 kph) in 7.2 seconds and can achieve a range as high as 118 miles.

Cash-for-clunkers deal to end Monday night, government says

The Obama administration plans to cut off dealer funding for the cash-for-clunkers program on Monday at 8 p.m. Eastern, after finding that the $3 billion fund is nearing depletion, Transportation Secretary Ray LaHood said. "The overriding objective was to be conservative and to provide an adequate window for a soft landing," a senior administration official said in a conference call with reporters Thursday.