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Honda Fit EV prices drop

Responding to price-dropping offers from other automakers on their electric vehicles, Honda will slash the lease deal for its Fit EV starting in June. From the current level of a zero-down, $389/month lease, Honda has lowered the price to zero down and $259/month. Also, for any current holder of a Honda Fit EV lease, effective June 1, their monthly lease payment will also drop to $259 a month.

GM opens Advanced Design Studio in Seoul

General Motors has opened a new Advanced Design Studio in Seoul, Korea, the American automaker announced today (April 20). GM is set to leverage its position in the trendy Gangnam area of the Korean city, recently coined the 2010 World Design Capital. The Gangnam location puts the Seoul Advanced Design Studio in the heart of the nation's center of culture, the arts, fashion and industry.

Porsche 911 GT3 R Hybrid (2011) first official pictures

Porsche has released details of its updated 911 GT3 R Hybrid – the 2010 original nearly won last year's Nurburgring 24hr race before (ironically) it retired with petrol engine failure.  The 2011 Porsche 911 GT3 R Hybrid – the lowdown Before this report disappears in a chorus of ‘it looks the same as last year’s one’, let's outline where Porsche’s engineers have been busy. At the unfashionable end of the car remains a 4.0-litre flat-six engine producing approximately 470bhp. Up front are twin electric motors, now producing 75kW of power each (up from 60kW) and combined these give the GT3 R Hybrid a 197bhp electric boost, which can be programmed to activate automatically via the throttle pedal, or manually selected during overtaking. F1-derived hybrid tech for the 911 GT3 R Hybrid Power for the two electric motors doesn't come from batteries, but flywheel accumulator technology from Williams Hybrid Power, an offshoot of the Williams Formula 1 team. The flywheel, encased in a carbonfibre safety cell in the space where the passenger seat would be, spins at up to 40,000rpm and acts as a mechanical energy store for the electric motors. Regenerative braking feeds energy back into the flywheel system – no surprises there, as the technology is derived from Williams' exeprience with Kinetic Energy Recovery Systems (KERS) in F1.