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Caterham Seven 165 prototype stars at the 2013 Frankfurt Motor Show

2013 marks 40 years of Caterham Cars since what was originally a Lotus dealership took over production of the Series 4 Lotus Seven in 1973. Now, at Frankfurt 2013, the British manufacturer is debuting its newest model – the Seven 165 prototype – set to become the entry-level version and the lightest, most efficient Caterham ever when it goes on sale in the UK in 2014. We like the fact that you will be able to buy a Caterham for less than £17,000 and still be able to embarrass much more expensive machinery when the going gets twisty.

Details of UK's £5000 Plug-In Car Grants published

The Government has signed off the Plug-In Car Grants, giving details of which electric cars qualify for the £5000 grants. The incentive means that cars such as the Vauxhall Ampera will cost £28,995, GM confirmed today. Transport secretary Philip Hammond and business minister Mark Prisk announced the scheme and confirmed which areas will qualify for the second round of Plugged-In Places funding - allowing councils to install electric car recharging networks.

Classic car prices on the up: Jaguar D-type sells for £3 million

Classic car prices seem to be ever-rising, with historic models becoming an investment to rival buying property or gambling on the stock market. The inaugural RM Auctions Paris sale this week was a case in point, and resulted in nearly £15 million’s worth of the world’s rarest and most exotic cars going under the hammer. Four cars alone went for in excess of £1 million, and a Jaguar D-type sold for three times that amount.