1956 Oldsmobile Single Exhaust System, Aluminized, Super 88 & 88 on 2040-parts.com

Henrik Fisker wants to buy back Fisker

The resignation of Henrik Fisker in March from the eponymous company he worked so hard to build in to a credible ‘Green’ car company precipitated the meltdown of Fisker, which now stands on the edge of bankruptcy over $171 million owed to the US government. But Henrik Fisker has a plan. He’s teamed up with Hong Kong billionaire Richard Li – a Fisker investor – to try and buy the US government debt and save Fisker from being crushed by bankruptcy.

Porsche is developing a new four-cylinder engine set to power entry-level model

High-ranking officials at Porsche's Weissach research and development center in Germany have confirmed that engineering work is progressing on a four-cylinder horizontally opposed gasoline engine, details of which were first revealed by Autoweek earlier this year. The new boxer unit--which is earmarked to power a new mid-engine, entry-level model that insiders describe as a spiritual successor to the iconic 550 Spyder--looks set to become an integral part of Porsche's future model plans. Insiders suggest it will also be offered on the third-generation Boxster and the second-generation Cayman later on in their respective model cycles.

Michelin Challenge Design announces 2009 jury

Michelin Challenge Design, one of the world's top design competitions, has announced its panel of judges for 2009. The distinguished group of automotive design leaders will meet in July at Art Center College of Design in Pasadena, California, to select the vehicle designs and concepts for special exhibition at the 2009 North American International Auto Show (NAIAS) in Detroit next January. This year marks the eighth year for the international competition.