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Koenigsegg Trevita revealed

The new Koenigsegg Trevita, with diamond finish Carbon Fibre This is the first time that Koenigsegg’s visible carbon weave has been produced in anything other than bog-standard black. But in the Treviat it looks stunning – it shimmers in a  way its namesake would be proud of. The CCXR Trevita will – we assume – come with the same bio-fuel engine as the CCXR Edition, as Koenigsegg has told us that this car will produce the same mammoth 1018 bhp, and sub-3 second 0-60, as the Edition.

Volvo halts production of Electric cars & question EU’s CO2 & EV targets

The Volvo C30 EV won't be going in to production Volvo has decided it will not put the C30 electric Car in to production and has called on the EU to address CO2 and EV targets. Just as many other car makers are doing, Volvo has had a small fleet of electric test cars plodding round the roads to see what they’re capable of in the real world, in Volvo’s case a fleet of electric C30s. But Volvo has decided that a production version of the C30 EV is a futile project and has revealed they will not be making a production version.

May sales slide 4 percent on rising fuel prices, tight vehicle supplies

U.S. light vehicle sales dropped 4 percent in May--the first decline since August--as rising gas prices, inventory shortages, higher stickers and economic jitters curbed demand. The pace of sales last month--11.78 million units on an annualized basis--was the year's lowest and marked the first seasonally adjusted total below 12 million units in seven months.