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Honda Civic Ti (2012) first official pictures

Honda has glued a few glitzy bits to the latest Civic in recognition of its British Touring Car Championship participation, to create the new Civic Ti. The 5-door ‘race-inspired’ Civic is based on the 1.8 SE model, but comes with colour-coded wheel arches and some 17-inch ‘Le Mans’ alloy wheels. If that’s not enough to send you running down to the dealership, then Honda hopes the addition of a leather-wrapped steering wheel and gearstick might.

Giugiaro honored in Korean ceremony

Giorgetto Giugiaro has received honors from the South Korean Government for his contribution to the nation's fledgling automotive industry.  In a ceremony in Seoul, Giugiaro received the prestigious 'Order of Merit' from the President of the Republic of Korea, Lee Myung-bak. The relationship between Italdesign Giugiaro and Korea stretches back to the 1970s, a period of significant growth for the Korean nation, stifled only by its lackluster automotive industry.  It fell to the Italian designer to invigorate an industry that survived on reassembling and rebranding foreign domestic models. Giugiaro's solution was the simple Hyundai Pony.

Koenigsegg backs out of deal to buy Saab

Swedish exotic-car maker Koenigsegg Group has canceled plans to buy Saab from General Motors. GM announced that the deal was off on Tuesday and gave no reason why the deal fell apart, nor did the automaker say what would happen to Saab. In a statement, GM CEO Fritz Henderson said: "We're obviously very disappointed with the decision to pull out of the Saab purchase.