Schoenfeld Headers X3030 X Pipe 3in on 2040-parts.com

International Engine of the Year Awards to focus on fuel efficiency

Like the Oscars of the Otto cycle, the Grammys of gasoline, the International Engine of the Year Awards are a big deal in the industry. For 2013, the awards will continue to focus on green technology, pitting gasoline, compressed natural gas (CNG), hybrid and all-electric powerplants against each other for the title of "international engine of the year." Ford's 1.0-liter EcoBoost engine took top honors last year. Besides the top award, other categories include best green engine, best new engine and best performance engine, each voted on by journalists from around the world.

Tesla Model S burns in Seattle

A Tesla Model S crashed and burned on Tuesday morning in Seattle. The electric-vehicle manufacturer told Bloomberg that the Model S “collided with a large metallic object in the middle of the road, causing significant damage to the vehicle.” More specifically, the object struck the Tesla's battery. The report worried investors, and Tesla stock fell 6.2 percent on Wednesday.

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.