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Audi TT speedster 'will be built'

By Tim Pollard Motor Industry 20 May 2008 12:15 Audi will build a limited production run of the TT speedster we scooped last week, CAR Online can reveal. The company is planning to make between 50-100 of the chop-top TT especially for the Middle East market. Although spokesmen in Europe have denied any production plans for the unusual open-top TT we spied on test in southern Germany, Audi's marketing director for the Middle East, Bernd Rosenbichler, told us they were planning a small production run for enthusiasts in hotter climes.'We have been asked [by Audi AG] if we could imagine bringing this car here,' he told CAR.

Mazda MX-5 Miata

For only the fourth time since the first was introduced 25 years ago - when it reignited the small sports car market - there's a new Mazda MX-5 Miata. Mazda's aim this time was to strip away much of the bulk that had accumulated over the years, recapturing the essence of a compact, light and affordable roadster. The subtext is that the MX-5 Miata has become a car more often bought by women in their 60s, rather than the young males it was originally intended for.

Bondholders snub GM, bankruptcy filing likely

Nowhere near enough General Motors bondholders agreed to exchange their debt for stock before a midnight Tuesday deadline, making a bankruptcy filing by the automaker highly likely. GM had set a threshold of 90 percent of the $27 billion in bond debt it wanted to exchange for 10 percent of the stock in a reorganized company for the deal to take place. In a statement Wednesday, GM said the amount of notes tendered was substantially less than the 90 percent target.