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New Mitsubishi Mirage: Price from £8,999

The new Mitsubishi Mirage City Car – which replaces the Colt in Mitsubishi’s lineup – will cost from £8,999 in the UK for the Mirage 1.0L. Replacing the Colt in Mitsubishi’s lineup, the new Mirage offers a compact and economical option for buyers with a choice of two engines – 1.0 litre and 1.2 litre 3-cylinder – and three spec levels – Mirage, Mirage 2 and Mirage 3. Aimed to take a piece of the market the VW Group is gobbling up with the Up!

Lotus named lead marque for Goodwood

Lotus will take a place of pride as lead marque at June's Goodwood Festival of Speed, backed by an expected record attendance of more than 40 historic racing Lotus models. “Lotus is an incredibly important British car marque, and we plan to have maybe the greatest concentration of a single marque that we've ever had at the festival,” said Lord March, whose Goodwood historic house provides the backdrop for the four-day event beginning on June 28. Emerson Fittipaldi will be reunited with his championship-winning Lotus 72 and an early Lotus 7 race car, a type that many drivers--including British Le Mans legend Derek Bell--cut their teeth on in their formative years.

Mercedes-Benz to cut production time, halve number of vehicle architectures

Mercedes-Benz is restructuring its global production network to cut the average production time for its models to 30 hours by 2015 from 43 in 2008. "We have increased productivity by 2 percent a year over the last few years. We will be accelerating our productivity efforts," Mercedes production boss Wolfgang Bernhard said during an investor conference that was part of the automaker's plant opening in Kecskemet, Hungary, on Thursday.