Hybrids are on the charge...
Hybrids are on the charge. Values of the economical petrol-electric models have soared by ÷£478 in the past 12 months, according to the latest figures from price expert CAP. Rising fuel costs and the fashion for eco-friendly models are being credited for the increase.
Gordon Murray is set...
Gordon Murray is set to launch an all-new small model that will cost only ÷£5,000, but offer the same desirability as Fiat"s fresh 500 and the MINI.
It"s due on sale in two years, aimed at first-time buyers and customers keen to drive an eco-friendly but "cool" car. Made from lightweight materials, the tiny MPV-style machine should weigh only 500kg, and is to get a fru÷gal pet÷rol engine that can run on biofuels.
As well as a low price, the model will promise other financial incentives, including tax breaks and potential free city centre parking. Running costs are estimated to be a quarter of those for a typical Ford Focus-sized family car.
The new company, Gordon Murray Design Limited, will produce the new÷comer - codenamed T.25 - in small numbers, and aims to sell or license the concept to a major manufacturer.
As well as the T.25, Murray"s firm is to build a new supercar. As with the McLaren F1, lightweight construction will be at its core, but it"s set to be eco-friendly and cost a fraction of the F1"s price. It should arrive in 2010.