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Gibbs launches new high-speed amphibian vehicles

Michigan-based Gibbs Technologies has released two new high-speed, commercial-grade amphibian vehicles, named the Phibian and the Humdinga. The Phibian is a 30-foot-long, nearly 12-foot-tall craft capable of highway speeds on land and more than 30 mph (26 knots) in the water. Constructed mainly of carbon fiber, the Phibian can hold up to 15 people, including a crew of three.

Rally Ace Beats Own Isle Of Man Lap Record

SUBARU’S WRX STI has once again broken the four-wheeled lap record around the famous Isle of Man TT circuit, with British rally champion Mark Higgins setting a new record of 19 minutes 26 seconds in a production version of the firm’s newly launched high-performance saloon. Higgins’s lap around the challenging 37.8-mile TT Mountain course saw him post an average speed of 116mph and a top speed of over 160mph. Manxman Higgins completed his timed run under closed road conditions as part of the TT schedule and beat his previous record, set in 2011, when he set a time of 19 minutes 56.7 seconds at the wheel of the previous-generation WRX STI, breaking a record that had stood for 21 years.

Ford bets customers will pay premium prices for the Fiesta

Ford Motor Co. will charge more than $23,000 for a fully loaded Fiesta, a new car smaller than the Focus. Ford thinks consumers are ready to pay premium prices for small cars, which long have been dominated by budget shoppers.