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Daimler-Renault alliance approved, report says

An international alliance between Daimler and Renault has been approved by the companies' boards and is set to be announced on Wednesday, Bloomberg is reporting. The pact would allow the German and French automakers to collaborate on a range of products, including small cars, commercial vehicles and engines. AutoWeek first reported on the alliance last week.

Ferrari 400 Superamerica sells for £2.3 million

The 1962 Ferrari 400 Superamerica Cabriolet Pininfarina SWB - record price The world’s in the depths of the worst recession in a generation (or three). Banks aren’t lending to anyone who needs it – just to those who don’t. The Greeks are up in arms at the prospect of actually paying any tax and the Euro is on the edge of collapse (actually, the Euro was always an accident waiting to happen).

London's GPS-based speed-limit trial puts Big Brother's foot on the gas pedal

A fleet of 12 Toyota Priuses in London have been fitted with GPS-linked speed limiters to measure how drivers respond to having their speed controlled by a computer rather than their own feet. For now, the trial is local to London, run by Transport for London, the agency that manages the city's roads, buses, subways and trains. The agency is using its own fleet of Priuses for the test and will add a bus and a taxi later this year.