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Ford to make three-cylinder EcoBoost engine, eight-speed transmission

UPDATED: Ford is taking a look at the powertrain of its future, and in a nutshell, it's going to be small--at least under the hood. That's because the Blue Oval is preparing a 1.0-liter, three-cylinder EcoBoost engine, claimed to be the smallest engine the company has ever built. Ford says this baby EcoBoost will offer output comparable to a normally aspirated 1.6-liter, four-cylinder powerplant.

GM to shut down Saab

General Motors will shut down Saab after the automaker wasn't able to conclude a deal to sell the brand to Spyker Cars, GM said on Friday. “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," GM Europe president Nick Reilly said in a statement. "In order to maintain operations, Saab needed a quick resolution.

Honda To Debut Sporty Concepts At Festival Of Speed

VISITORS to this year’s Goodwood Festival of Speed in June will be able to get up close and personal with two racy concept cars from Honda. The Japanese firm is using the popular event to showcase its forthcoming Civic Type R hot hatch and second-generation NSX supercar ahead of a 2015 launch programme. As well as getting up close with the new concepts, visitors will get the chance to race them – with the Honda stand turned into a miniature race track for budding drivers to compete with special-edition remote control models.