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Toyota reveals new Le Mans car as Peugeot quits

Peugeot has announced that it’s closing its Le Mans and endurance racing programme with immediate effect. The unexpected announcement is a blow to the world-famous French endurance race, as the diesel-powered 908 HDi LMP1s have been the only cars able to challenge Audi’s dominance over the past few years – Peugeot won the Le Mans 24hrs in 2009. On the same day that Peugeot Sport announced the closure of its endurance racing programme, Toyota revealed its new 2012 Le Mans racer.

G-Power pushes BMW M5 to 228 mph

This could be the first speed record broken this year, with plenty more to come. BMW tuner G-Power has taken the blazing-fast BMW M5 and added two superchargers, an intercooler, forged pistons and some other bits and pieces. The result is a 750-hp, 228-mph missile that topped the Brabus Rocket on the speed chart.

Motorcycle makers revved for rebound

Bikes are back. After being hit a lot harder by the recession than carmakers, the motorcycle industry, more susceptible to the whims of discretionary spending, is on its way back. “Unit sales are growing for the first time in several years,” said Danny Phillips, executive vice president of Advanstar, the parent company of Progressive International, which put on last weekend's motorcycle show at the Long Beach Convention Center.