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Mandelson to announce help for car makers

Lord Mandelson is the man charged with finding ways to fund UK Car purchases (yes, he of the dodgy mortgage debacle – at least he should know a few tricks!) as the credit crunch has dried up funding, leading to an unprecedented drop in new car sales in the UK. Mandelson is due to make a statement in the Lords just after 3pm today, outlining the help the government is going to offer to ailing car makers. Central to this package is expected to be a funding channel directly from the Bank of England to inject liquidity in to the car financing sector.

Ferrari Hybrid confirmed

The Ferrari F430 Spyder Bio Fuel car from the Detroit Motor Show in 2008 We learnt at the weekend that Lamborghini are to reduce their CO2 footprint by 35%, and we recently  learnt about some of Ferrari’s Hybrid plans from patent applications the boys from Maranello had filed. But today we learn that not only is Ferrari looking at Hybrid options, but that it intends showing a car very soon – probably at the Los Angeles Motor Show in November. Ferrari is looking at several options to keep the ‘Environmentalists’ happy, including Bio-Fuel and Turbo charging.

It's a Corvettes summer at the Rolex Monterey Motorsports Reunion

You couldn't swing a camshaft without hitting a Corvette at the Rolex Monterey Motorsports Reunion. Chevy was celebrating, in no particular order: the 60th anniversary of its iconic sports car; the rolling unveiling of the new C7 Stingray; the first-ever public peek at the C7R race car; an almost-unprecedented gathering of great Corvette race cars from all eras; and a ginormous gathering of the Corvette faithful tearing around the track in all models of screaming, roaring American muscleVettes, few with silenced exhausts and many emblazoned with all or part of the American flag. Is this a great country or what?