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Honda CR-Z Mugen: First photos revealed

Honda CR-Z Mugen - almost ready for Goodwood We got news a couple of months ago that Honda were getting Mugen to do a tuning job on the CR-Z Hybrid and put together a ‘Concept’ for this year’s Goodwood Festival of Speed. But it seemed clear that although Honda were keen to point out that the Honda CR-Z Mugen would be a one-off, it was unlikely to stay that way. Honda are desperate to inject a bit 0f aggression in to the lethargic CR-Z, and a nippy Mugen version would help its image no end.

BMW 'looking' at an M1 supercar successor

BMW is actively considering a new range-topping supercar model in the spirit of the M1 and Z8, CAR has learned. Global sales and marketing chief Ian Robertson said the company had other priorities, but that there remained a desire to showcase the brand's sporting aspirations. 'We have never replaced the M1, although we have made ventures in that direction,' he said.

Saab on brink of closing after GM rejects rescue plan

Saab Automobile filed for bankruptcy on Monday and is on the brink of shutting for good after former owner General Motors rejected a rescue plan. The move sets the scene for the end of Saab's struggle to survive after months of hastily drawn-up deals for a company that hasn't made a vehicle in months. The latest plan involved Chinese automaker Zhejiang Youngman Lotus Automobile, but this was vetoed by GM, still a key Saab supplier, over the weekend "After having received the recent position of GM on the contemplated transaction with Saab Automobile, Youngman informed Saab Automobile that the funding to continue and complete the reorganization of Saab Automobile could not be concluded," Saab's Dutch owner, Swedish Automobile, said in a statement.