We present a planar hypohamiltonian graph on 42 vertices and (as a corollary) a planar hypotraceable graph on 162 vertices, improving the bounds of Zamfirescu and Zamfirescu and show some other consequences. We also settle the open problem whether there exists a positive integer N, such that for every integer n≥N there exists a planar hypohamiltonian/hypotraceable graph on n vertices. © 2010 Wiley Periodicals, Inc. J Graph Theory 67: 55-68, 2011 © 2011 Wiley Periodicals, Inc.