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What does owning a car really cost you?

Not many things are more terrifying than looking at your bank statement every month to see how badly you blew it. But aside from the day-to-day expenses, ever wonder where exactly all of your money is going? Our friends at The Wall Street Journal's MarketWatch site say that AAA's annual report on driving costs for 2013 suggest that it's your car sucking the life out of your bank account.

Rolls-Royce 102EX concept car (2011) first pictures

Rolls-Royce has confirmed it will show its first electric car at the 2011 Geneva motor show. The 102EX is the latest in a line of concept cars – EX stands for experimental – which history suggests should go on to influence production cars. The Rolls-Royce 102EX is known internally as the Phantom Experimental Electric and is being used to judge reaction to a battery-powered Roller among owners clubs and media.

Who's Where: Gerry McGovern to head Land Rover design

Land Rover has announced that Gerry McGovern will take over as Design Director for all Land Rover design with immediate effect. Current Design Director, Geoff Upex, is to retire from the company at the end of 2006 after 23 years service and, to ensure a smooth handover, will continue to play a key role in the launch of new products including the all-new Freelander2/LR2 over the coming months. Gerry McGovern has been Director, Advanced Design, Land Rover, since 2004 and has spent the majority of his career with Land Rover and Rover Group in UK, apart from a short period with Lincoln-Mercury in the USA.