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Porsche shows off 911 RSR for World Endurance Championship

Porsche is celebrating the 50th anniversary of the 911 this year with several events including the Retro Classics show in Stuttgart, Germany, an exhibit at the Porsche Museum and honored marque status at the Pebble Beach Concours d'Elegance. Porsche also went racing with the new 911 RSR in the first event of the World Endurance Championship this weekend, and has posted a clip on its YouTube channel. The 991-based Porsche 911 RSR houses a 4.0-liter flat-six making 460 hp with a new six-speed sequential transmission with paddle shifters.

Fiat set to grab 51 per cent of Chrysler

Sergio Marchionne wants majority at Chrysler What a difference a couple of years makes. On May Day in 2009 we reported that Chrysler had been put in to Chapter 11 Bankruptcy and the US Government was stepping in to ease the pain with $7.5 billion (admittedly at somewhat less than mates-rates) and that the management were ‘leaving the building’. Step forward Fiat to take up a 20% stake in Chrysler and Fiat boss, Sergio Marchionne, who planned to lead Chrysler away from the dark side and in to the light, with the promise of smaller and more efficient platforms and engines.

BMW to supply engines to Saab, reports say

Saab and BMW AG have agreed on a deal that allows the Swedish carmaker to use engines made by BMW, according to a person with direct knowledge of the matter. Saab will initially purchase BMW engines for the 9-3 model that is scheduled for release in late 2012, said the person, who asked not to be identified before a contract is signed. The carmakers plan to sign and announce the pact in Trollhattan, Sweden, on Wednesday, the person said.