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Renault revives Gordini hot hatch brand

Renault is to revive the Gordini name, using it on range-topping versions of its Renaultsport Twingo, Clio and Megane hot hatches. The first new-generation Gordini will be based on the Renaultsport Twingo 133, and be unveiled on 25 November 2009 at Renault's premier showroom on the Champs Elysees. The new car will be called the Twingo Gordini RS, and then a Clio Gordini RS will follow in spring 2010.

Audi A3 Cabriolet bows before Frankfurt motor show

The Audi A3 Cabriolet broke cover on Sept. 8, a few days before its media debut at the Frankfurt motor show. It will be joined on the stand by the new Quattro concept and the sporty RS7 sedan.

Saab unable to pay wages as financing crisis deepens

Saab's money troubles have worsened to the point that the struggling car maker is unable to pay its employees' wages on the eve of the Swedish mid-summer vacation period.In a brief official statement last night, Saab's parent company Swedish Automobile N.V (formerly Spyker Cars) announced that it was 'will be unable to pay the wages to employees as it has not yet obtained the necessary short-term funding.'  While Swedish Automobile and Saab continue to pursue options for securing short-term financing to solve the cashflow crisis, the company admitted 'there can however be no assurance that these discussions will be successful or that the necessary funding will be obtained.' Saab share prices tumble, Swedish government will not intervene Reaction to the worsening financial crisis from stakeholders has been predictably bleak. Swedish Automobile's shares dropped 61% in value yesterday, and are currently trading at 0.948 euro. The Swedish government, already guaranteeing a €400m loan to Saab by the European Investment Bank, shows no inclination to bail-out Saab, which employs 3800 staff.