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Audi hardwood bicycle

Following on from its collaboration with Head for carbon fiber skis, Audi has teamed up with Renovo Hardwood Bicycles to create yet another performance-oriented product. Audi is launching the Duo range of cycles as ‘an embodiment of its core principles of progressive innovation' that aim to blend craftsmanship and styling with performance and technology. As a result, each Duo is built around a monocoque frame that is made from hardwood, which not only increases ride comfort – thanks to the material's ability to absorb shock and vibration – but also serves to reduce weight.

General Motors to shut down Saab

General Motors has announced that it will be closing the Saab brand after the company was unable to strike a deal with Spyker Cars. This follows from last month's withdrawal of would-be suitor Koenigsegg, leaving Spyker the sole contender in the acquisition of the ailing Swedish brand. According to Nick Reilly, GM's European president, the company has decided to cut its losses: "Despite the best efforts of all involved, it has become very clear that the due diligence required to complete this complex transaction could not be executed in a reasonable time.

Scott Dixon aims at a new target

IndyCar racer Scott Dixon first shot a gun at a bachelor party. “Not at the actual party,” he clarified. “It was one of those three-day bachelor parties with a number of activities.” One of which just happened to be shooting.