Car News

A one-of-a-kind Porsche concept known as the 550one has been unveiled after more than 12 years out of the public eye. The Porsche 550one was a mid-engined roadster created in 2008 as a modern tribute to the iconic 550 Spyder, a car made famous by Hollywood actor James Dean – who was killed while behind the wheel of his 1955 550 Spyder. Fittingly, the 550one concept also bears the nickname 'Lil' Bastard', a nod to the moniker Dean lovingly bestowed upon his own 550 Spyder.

The last affordable V8 sedan is no longer on sale in Australia – except for limited showroom stock – ending an era that lasted more than half a century. The Chrysler 300 SRT sedan has been discreetly withdrawn from sale locally even though it still appears on the company’s website. Only cars in showroom stock remain, but dealers have been advised they can no longer order one due to a shortage of V8s amid a surge in demand in the US.

Tesla stock has overtaken Facebook to hit record highs in the US, making founder and CEO Elon Musk the world's richest person. Tesla shares saw gains of nearly 8 per cent on Thursday, overtaking Facebook to take the fifth spot on the S&P 500 by market capitalisation. The surge in value propelled Musk to the top of the world's rich list, according to news outlet Bloomberg, taking the position from Amazon founder Jeff Bezos.

The 2021 Kia Carnival is still a chance for a five-star ANCAP safety rating – despite not being fitted with a centre airbag. Becoming increasingly common in new cars, the centre airbag is used to reduce the impact between the two front occupants during the new Far Side Impact Test. The 2021 Kia Carnival comes with seven airbags, which includes full-length curtain airbags across three rows, and a driver’s knee airbag.

Pricing and specifications for the 2021 Renault Koleos have been unveiled, receiving a number of minor changes across the three trim levels. Renault has kept the price of the entry-level Koleos Life unchanged at $32,990 before on-road costs, but the mid-tier Koleos Zen and flagship Koleos Intens variants have gone up by $300. Find the full price list at the bottom of this story.