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American Suzuki to pull out of U.S. auto market, file Chapter 11 bankruptcy

American Suzuki Motor Corp., beset by low sales, cutthroat competition and unfavorable foreign exchange rates, said it will pull out of the U.S. auto market and file for Chapter 11 bankruptcy protection. The company, in a statement today, said it will continue its motorcycle and marine engine business units and will continue to honor customer warranties.

Hyundai i30 hits a million

Hyundai has revealed it has now built more than a million i30s with European sales accounting for 500,000 of those sales. Get over the latent badge snoberry and the Hyundai i30 is a family car that can be considered a real alternative to the leading cars in its sector – the VW Golf and Ford Focus – with a good combination of style, equipment, decent driving dynamics and cost. Set aside that badge snobbery and any buyer looking for a family car should really have these three – the i30, Golf and Focus - on their top three list; the rest is down to a subjective judgement.

Hennessey Venom GT hits 265.7mph for new world top speed record (+ video)

The Hennessey Venom GT – an American, Lotus Elise-based supercar – has clocked 265.7mph for a new world record top speed for a production car. The world top speed record for a production car has been held by the Bugatti Veyron (well, the Veyron Super Sport) at 258mph, but that’s a ‘limited’ speed for its production cars. The Veyron Super Sport actually hit 267.81mph at VW’s Ehra-Lessian track (it actually hit 269.8mph one way) but because production cars are limited to 258mph the higher speed doesn’t count.