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Twizy Renault Sport F1 concept is a completely bonkers EV

Based on the  strange little Renault Twizy EV commuter golf buggy, the Twizy Renaultsport F1 concept gets a mad body kit to make it look like something out of a Star Wars film, with huge wings, side pods, a rear diffuser and a yellow paint job that evokes Renault’s sporting heritage. But it’s under the skin where the interesting stuff lurks. Renault has fitted the Twizy with an F1 inspired KERS system that fits where the back seat used to be (yes, the F1 Twizy is a toy just for one) which chucks an extra 79bhp at the Twizy’s existing electric motor when fully charged, enough to scoot the F1 Twizy to 62mph in just 6 seconds.

GM posts quarterly net income of $1.96 billion

General Motors Co., in its final financial snapshot before next week's initial public offering of stock, posted third quarter net income of $1.96 billion on revenues of $34.06 billion. The results, released Wednesday, were in line with a forecast issued last week. GM now has earned $4.16 billion on revenues of $98.71 billion through three straight profitable quarters this year--a dramatic swing after five consecutive annual losses.

Budget 2014 – what it means for the motorist

Chancellor George Osborne today addressed parliament with his 2014 Budget statement. There was plenty in there to talk about, but what we were desperate to find out was how Osborne’s financial plan for the next 12 months was going to help the average motorist in the UK. Here, we’ve got everything you need to know about the 2014 Budget when it comes to cars. From the fuel duty freeze to Vehicle Excise Duty road tax reforms, company car tax to classic car tax, this is what Budget 2014 means for drivers in Britain.