A new lithium battery could triple the range of electric cars and reduce costs, and be in use within 12 months.

Hyundai Motors and its two affiliates yesterday approved Asia’s biggest property deal since the financial crisis when their board members agreed to pay €7.96bn ($10.12bn) for a trophy plot of land to house a new headquarters in downtown Seoul.

Kia Motors said today that its first quarter net profits tumbled 35% from a year earlier due to a fall in vehicle production at domestic plants and lower exports.

World stock markets plummeted today amid signs of a possible US recession and renewed worries over the health of Europe’s banks.

Motor company Kia is recalling some cars due to a door-wiring problem, it was announced today.

The London market powered towards a new 13-month high today, despite shock figures showing the UK remained in recession in the third quarter of 2009.

A GROUP of students are using flower power to impress the judges in an international technology competition by driving to the contest in Paris in a car fuelled by sunflower oil.

FERRARI doesn’t need another car to make you drool, but it has unveiled one anyway. The 599GTB Fiorano is being shown off for the first time at the Geneva Auto Show.