Vintage Norcon Blue Helmet Metalflake Glitter Sparkle on 2040-parts.com

Radical new group-based car insurance scheme

REX Innovation and car insurance aren’t entirely strange bedfellows. After all, the concept of ‘black box’ insurance that uses a device to monitor you as you drive has taken off so fast it could well become mandatory in the future. But it’s still unusual to come across something truly revolutionary.

Porsche nearing 900 orders for its 918 Spyder hybrid concept

When Porsche AG showed the 918 Spyder at the Geneva show in March, we said it was a car to “make anyone a believer in hybrid supercar tech.” Well, maybe not anyone, but Porsche now says it has almost 900 potential buyers for the two-seater hybrid prototype as the German automaker gets closer to approving production. Porsche development chief Wolfgang Duerheimer said he is confident the company will soon reach the threshold of 1,000 orders, which is how many the company needs to “make a sound business case.” The 918 has 680 hp and, according to Porsche, will get 78 mpg and run from 0 to 60 mph in 3 seconds. Porsche said it wants to double its overall vehicle sales to 150,000 in the next five years or so.

Jaguar F-type is go! C-X16 sports car will launch in 2013

Jaguar tonight confirmed it will build the F-type - the final production name for the C-X16 concept car. The new Jag F-type will go on sale in a year's time, in early summer 2013, as a convertible first with an F-type coupe to follow in 2014. CAR understands it'll be positioned halfway between a Porsche Boxster/Cayman and a 911.