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Rude roads hit house prices

STREETS with rude-sounding names like Crotch Crescent, Turkey Cock Lane, Bell End and The Knob could turn out to be a haven for property hunters looking to snap up a bargain, research suggests. The study for website NeedaProperty.com looked for evidence of what impact living in a street with a suggestive name could have on the value of your home. Properties on streets with innuendo-laden names were found to be around one fifth or £84,000 cheaper on average than other homes situated nearby.

Green three-wheelers may get Energy Department funding

Aptera Motors, Elio Motors and other companies developing fuel-efficient three-wheeled vehicles got a boost from Congress this week in their quest for federal funding. Legislation to make three-wheeled vehicles eligible for Energy Department loans passed a conference committee of House and Senate leaders Wednesday and then got approval from the full House on Thursday. It is part of an energy spending bill likely to go before the Senate by next week for final congressional passage, a Senate aide said.

IDEA Institute acquired by Quantum Kapital

Turin-based automotive design, modeling and engineering firm IDEA (Institute of Development in Automotive Engineering) has been sold to Quantum Kapital AG, an investment company with an industrial emphasis based in St. Gall, Switzerland. The transaction is expected to be completed in the next few weeks.