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Porsche Panamera to get new V6 engine

Porsche will reveal two new 3.6 V6 petrol versions of the Panamera at the Beijing motor show 2010. These are the first official photos of the new models, the Panamera and Panamera 4, which will be offered as cheaper alternatives to the S, 4S and Turbo versions. In the rear-wheel drive entry-level Porsche Panamera, the new 296bhp, 295lb ft V6 powerplant produces 265g/km of CO2 and will manage just 25 miles on a gallon of fuel.

Ultra-rare Steyr Puch 500 goes to auction

£18,000 might seem like a lot of money for a car based on the original Fiat 500, but this particular Steyr Puch example is one of just 33 ever built. Austrian firm Steyr Puch entered into an agreement with Fiat in 1954 after production was halted during World War II, and began production of the 500 under licence. Only 33 right-hand drive examples were ever produced, and of those only two survive; this example and one in the Steyr Puch museum in Austria.

GM and Koenigsegg agree Saab sale

By Ben Pulman Motor Industry 16 June 2009 11:00 American car giant General Motors has signed a memorandum of understanding for the purchase of Saab by an investment group led by Swedish supercar manufacturer Koenigsegg. That's the deal. Supercar maker Koenigsegg Automotive, together with a consortium of private investors, has formed Koenigsegg Group, which has reached a ‘tentative agreement’ to buy Saab from GM.