Bugatti has created what is likely to be the ultimate version of its dominating hypercar: the Super Sports. Bugatti’s official test driver Pierre Henri Raphanel was deployed to Volkswagen’s Ehra-Lessian high-speed oval with the first Super Sports to see what the new model would be capable of. With representatives from Guinness World Records and German Technical Inspection Agency (TÜV) on hand, Raphanel made passes around the big oval in both directions. …click here to read more

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General Motors confirmed today that the proposed sale of its Saab subsidiary to Koenigsegg Group AB was terminated at the discretion of the buyer.

“We’re obviously very disappointed with the decision to pull out of the Saab purchase,” said GM President and CEO, Fritz Henderson. “Many have worked tirelessly over the past several months to create a sustainable plan for the future of Saab by selling the brand and its manufacturing interests to Koenigsegg Group AB. Given the sudden change in direction, we will take the next several days to assess the situation and will advise on the next steps next week.”

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Just days after Porsche AG annouced the all new 911 Turbo, they have unveiled the long awaited 911 GT3 RS. Dubbed the “the most sporting 911 yet”, the all new 911 GT3 RS comes with same 3.8-liter naturally aspirated flat six as the regular GT3 but with more horsepower. Thirty five additional horsepower than last years model and 15 more than the recently annouced GT3. Shorter transmission ratios and sporting a lighter chassis, the new RS should be more aggressive on the track. …click here to read more

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Formula One legend Michael Schumacher announced today that he will not be returning to the sport to replace the injured Felipe Massa in Valencia as hoped due to his ongoing neck injury.

“Yesterday evening, I had to inform Ferrari President Luca di Montezemolo and Team Principal Stefano Domenicali that unfortunately I’m not able to step in for Felipe,” Schumacher stated on his personal website. “I really tried everything to make that temporary comeback possible, however, much to my regret it didn’t work out.

“Unfortunately we did not manage to get a grip on the pain in the neck which occurred after the private F1-day in Mugello, even if medically or therapeutically we tried everything possible.” …click here to read more

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Rewind forty-five years when he introduced the original Ford Mustang at the 1964 New York World’s Fair, auto icon Lee Iacocca has announced a new version of the infamous muscle car – the Iacocca Silver 45th Anniversary Edition Ford Mustang. Featuring a unique Mustang fastback look, only 45 of the “2009½” special edition cars will be built, each finished in a unique “Iacocca” chosen silver hue.

Two years in the making, the limited edition Mustang is a collaborative effort by Iacocca, designer Michael Leone, and coachbuilder Gaffoglio Family Metalcrafters. The project you see is in fact the first of a new customization program called I Legacy. A partnership with Galpin Ford located in California, the cars are being offered for public sale. …click here to read more

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Finally, after years of speculation – The Stig has been unveiled live on Top Gear! …click here to read more

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General Motors has been in talks with prospective buyers for Swedish manufacturer Saab since the beginning of the year. Sweden’s Koenigsegg, maker of some of the world’s fastest and most expensive sports cars, has struck a deal to buy loss-making Saab Automobile from General Motors.

In one of the most unlikely pairings in automotive history, the tiny sports car firm of 45 employees is expected to take over a company that employs around 3,400. GM Europe said on its website the deal, set to close by the end of the third quarter, includes an expected $600 million of financing from the European Investment Bank, which would be guaranteed by the Swedish government.

‘This is yet another significant step in the reinvention of GM and its European operations,’ said GM Europe president, Carl-Peter Forster. ‘Saab is a highly respected automotive brand with great potential. Closing this deal represents the best chance for Saab to emerge a stronger company.’

GM originally bought a 50% stake in Saab in 1989, completing the acquisition in 2000. You can learn more about Koenigsegg as we take you through a factory tour. …click here to read more

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