Honda CR-Z Mugen (2011): the first sketches

This is our first glimpse of the new, Mugen-tweaked Honda CR-Z. Developed by Mugen Euro, the UK-based arm of Honda’s long-standing tuning partner Mugen, this CR-Z features a whole raft of tweaks to turn it into a hot hybrid. As with the previous UK-spec Civic Type R Mugen, this new Mugen model is currently being touted as a one-off prototype, but just as that Civic was then built in limited numbers the same may happen with the CR-Z – and the individual parts may become available as aftermarket accessories too.

Cash-for-guzzlers funds will run out before Nov. 1, dealer group warns

The cash-for-guzzlers program will run out of its $1 billion funding "well before" its Nov. 1 expiration date, a spokesman for the National Automobile Dealers Association said Thursday, after the government said dealers have already applied for 10 percent of the funds. As of 4 p.m.

Saab reportedly sold to China’s Pang Da & Youngman for €100 million

Saab Sold to China? Update: Just minutes after publishing this story we’ve heard from Saab confirming this report is correct and that the administrator - Guy Lofalk – has withdrawn his application for Saab’s court protection to be removed. The deal will be subject to Government approval.