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Honda S660 concept stars at the Tokyo Motor Show 2013

Honda is calling the S660 a concept, but when company president Takanobu Ito took to the stage at the 2013 Tokyo Motor Show, one of the first things he did was confirm this exciting new small sports car – the spiritual successor to the Honda Beat – will be going into production in 2015. This is great news for Honda, and Ito-san acknowledged a next-generation small sports car has been long awaited by Honda fans, who’ve had little excitement to cheer about since the last Civic Type R and the S2000 roadster were stripped from the model line up. Please click the picture above to read more about the Honda S660 concept at the Tokyo Motor Show 2013

Saab unable to pay wages as financing crisis deepens

Saab's money troubles have worsened to the point that the struggling car maker is unable to pay its employees' wages on the eve of the Swedish mid-summer vacation period.In a brief official statement last night, Saab's parent company Swedish Automobile N.V (formerly Spyker Cars) announced that it was 'will be unable to pay the wages to employees as it has not yet obtained the necessary short-term funding.'  While Swedish Automobile and Saab continue to pursue options for securing short-term financing to solve the cashflow crisis, the company admitted 'there can however be no assurance that these discussions will be successful or that the necessary funding will be obtained.' Saab share prices tumble, Swedish government will not intervene Reaction to the worsening financial crisis from stakeholders has been predictably bleak. Swedish Automobile's shares dropped 61% in value yesterday, and are currently trading at 0.948 euro. The Swedish government, already guaranteeing a €400m loan to Saab by the European Investment Bank, shows no inclination to bail-out Saab, which employs 3800 staff.

Frankfurt 2011: New Vauxhall Astra GTC (2012) debut

Vauxhall Astra GTC finally arrives at Frankfurt The Vauxhall Astra GTC (and its European equivalent Opel GTC) finally gets to go on public view at Frankfurt this week, a year after it arrived as a concept at Paris. Based on the more prosaic five-door Astra, the GTC carries over just about nothing except the door handles although it still conspires to look like a slightly squashed, butch version of its sibling. The Astra GTC is a decent looking effort from Vauxhall – as is the regular Astra – designed to take the fight to cars like the Scirroco.