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BMW, Toyota to jointly develop a sports car

BMW and Toyota Motor Corp. on Friday said they will develop a sports car together and cooperate in fuel cell technology, powertrain electrification and lightweight technologies. BMW CEO Norbert Reithofer and Toyota President Akio Toyoda signed an initial agreement at BMW's Munich headquarters to expand long-term strategic collaboration between the two automakers.

Alfa Romeo 4C production version revealed ahead of Geneva debut

The production version of the Alfa Romeo 4C has finally been revealed ahead of a launch at the 2013 Geneva Motor Show in March. It’s been clear since December – when Alfa teased the 4C – that we would finally get a proper production version of the first proper Alfa sports car in as long as we all care to remember. And, as far as we can see, the production Alfa 4C is pretty faithful to the concept.

Saab files for bankruptcy

Struggling Swedish manufacturer, Saab, has finally filed for bankruptcy. What may well prove to be the closing chapter in this ongoing saga could see the iconic brand laid to rest following months of uncertainty. A statement by parent company, Swedish Automobile NV (Swan) announced that: ‘After having received the recent position of GM on the contemplated transaction with Saab Automobile, Youngman informed Saab Automobile that the funding to continue and complete the reorganization of Saab Automobile could not be concluded.