Audi R5, Porsche 550, VW Bluesport 'on hold'

Numerous indications are pointing to the exciting mid-engined VW, Porsche and Audi sports cars being on ice. The group had been collaborating to develop the VW Bluesport, Porsche 550 and Audi R5 - some observers had hailed the new roadsters as the Elise from Germany. Porsche doubts over the 550 But at the weekend Porsche CEO Matthias Muller told German business rag Wirtschaftswoche that he was worried a cheaper Porsche may dilute the brand's image.

Ford Focus RS500 (2010) first official pictures

This is the new Ford Focus RS500, a special limited edition version of the Blue Oval’s mad Focus RS hot hatch with 15% more power. For a start there’s that extra power. Thanks to a larger air-to-air intercooler, a bigger air filter and a wider diameter exhaust downpipe (plus a new ECU to take advantage of the mechanical changes) peak power is up from 301bhp to 345lb ft at 6000rpm, while torque climbs from 325lb ft to 339lb ft. The result is a 5.6sec 0-62mph time (down three-tenths) while the top speed climbs two notches to 165mph.

Saab might file for bankruptcy, again

Reports in Europe say that Saab will once again be seeking court-order protection from creditors, the European equivalent of bankruptcy. The reports did not say when this would happen. Saab's U.S.