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Europe's Car of the Year 2011 shortlist announced

The 41 contenders for Europe's 2011 Car of the Year trophy have been whittled down to the final seven as the European CoTY shortlist is announced today. The winner will be voted for by 59 of Europe's most influential motoring journalists, including two CAR writers: editor Phil McNamara and European editor Georg Kacher. The 2010 winner - by just 10 points ahead of the Toyota iQ - was the Volkswagen Polo. Like the Eurovision Song Contest, Car of the Year has proved controversial in the past with accusations of block-voting and blind patriotism, yet the award remains one of the most prestigious in the motor industry.

Which car has the best residual value? A MINI

The MINI has the lowest depreciation of any car in the UK When it comes to buying a car, many of us decide how much we can afford to spend and then go and look for a car that fits our budget. But what we should really be looking at is how the car we want will be worth in the future – its residual value. Because the residual value of your car is often where the biggest costs lies, and it has a major impact on monthly payments if you decide to acquire your nice new car on a contract hire or leasing deal.

Porsche GT3 to launch at Geneva

The next in line for the mid-life facelift (Gen 2) of the Porsche 911 is the GT3, following on from last year’s revisions to the Carrera and Targa. The GT3 has had only minor modifications to its looks, instead the detail, as you would hope, has gone on under the skin. The engine has gone up in size from the old 3.6 litres to 3.8, yielding an increase in bhp – up to 435bhp.