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Pagani Huayra sets Top Gear lap record and places marker for McLaren P1

The Pagani Huyra set a stunning record time on the Top Gear track last week and in the process laid down a marker for the new McLaren P1. The return of Top Gear at the weekend for Series 19 saw Richard Hammond get to grips with the Pagani Huayra – successor to his beloved Zonda – and after a thoroughly positive test drive Hammond handed over to the Stig to take the Huayra round the Top Gear track. In the hands of the Stig, the 6.0 litre V12 AMG engine with 730 horses powered the Huayra to a time of just 1:13.8, beating the previous record for a production car, held by the Ariel Atom V8, by a sizeable 1.3 seconds.

Kia Proceed GT (2013) first sketch of Kia's sporty hatch

Here's Kia's answer to Volkswagen's Golf GTi and Ford's Focus ST - the Proceed GT. It's a hot hatch with a 200bhp 1.6-litre petrol engine, and will cost just over £20,000. Look out for its reveal at the 2013 Geneva motor show, with sales starting in summer 2013.

Saab ends deal with Chinese investors

Saab owner Swedish Automobile scrapped a $340 million investment deal with Chinese automotive companies Zhejiang Youngman Lotus and Pang Da after they proposed a buyout, straying from the original deal. Youngman and Pang Da signed a nonbinding agreement in July to take a combined 53.9 percent stake in Swedish Automobile. The Chinese companies say circumstances have changed since that time, so the deal should too.