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KTM halts production of the X-Bow two-seater as inventory grows

With sales well below expectations and 80 units reportedly unsold, Austrian motorcycle company KTM has temporarily halted production of the ultralight X-Bow two-seat sports car. KTM officials originally expected sales of 1,000 units a year. But that lofty goal is being scaled back to between 200 and 300 units a year.

Peugeot 508 RXH HYbrid4 Frankfurt debut – on sale Spring 2012

Peugeot 508 RXH - on sale Spring 2012 It’s a bit of a Peugeot day today, what with the impressive HX1 Concept news and now we learn that Peugeot’s take on the Audi Allroad – the Peugeot 508 RXK HYbrid4 – will get a public airing at Frankfurt next month before going on sale in Spring 2012. But you already know that; we told you back in July that Peugeot were planning on taking the 508 RXH to Frankfurt and that it would go on sale next Spring. So what’s news.

Bankruptcy looms for cash-starved Saab

The future is growing dim for Saab. Reports from Europe say the Swedish courts might soon declare Saab bankrupt--possibly as soon as Wednesday--because the company is out of cash. Saab recently won court protection from its creditors while it waited for funds.