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BMW, Toyota to jointly develop a sports car

BMW and Toyota Motor Corp. on Friday said they will develop a sports car together and cooperate in fuel cell technology, powertrain electrification and lightweight technologies. BMW CEO Norbert Reithofer and Toyota President Akio Toyoda signed an initial agreement at BMW's Munich headquarters to expand long-term strategic collaboration between the two automakers.

Skoda Fabia vRS 2000 concept

With the Wörthersee Tour celebrating its 30th annual recurrence and the VW GTi celebrating its 35th anniversary, the Volkswagen Group is having a huge presence at this year's show. The Group's Czech arm is showing a new concept dubbed the Fabia vRS 2000, which has been specifically developed and built for the event. Drawing on the Fabia Super 2000 rally car, Skoda's designers have created an original roadster pursuing a single goal: dynamism and the joy of sporty driving.

Saab targets customers' hearts, brains and wallets in North America

Saab executives said they're optimistic the struggling brand will be able to attract customers despite production stoppages at the company's Trollhaettan, Sweden, plant and cash flow problems. The Swedish automaker aims to target consumers and instill confidence with a grass-roots marketing campaign that focuses on the "heart, brain and wallet," Saab Cars North America President Tim Colbeck told reporters at Saab's North American headquarters in suburban Detroit on Thursday. Colbeck said the company must move away from selling vehicles based on price and focus more on making customers enthusiastic about driving Saab's vehicles.