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Red Bull Racing's X2014 concept car to feature in GT6

Red Bull Racing has revealed its X2014 concept car that will feature in the upcoming Gran Turismo 6 racing game. The Formula 1 team's chief technical officer Adrian Newey worked alongside Polyphony Digital to develop the road car, which is obviously very much inspired by F1 car design. Elements such as the F1 car nose and low-hanging front spoiler are proof of this, although the design features headlamps and fenders surrounding the tires.

Lexus IS (2013) first official pictures

These are the first official pictures of the all-new 2013 Lexus IS. Challenging the likes of the BMW 3-series, Mercedes C-class and Audi A4, the new IS has gone under the knife and the new iteration has a more athletic and vigorous-looking design, judging by these photos.   Sporting an updated, pleasingly chiselled front end, the new IS takes inspiration from the LF-CC concept shown at 2012’s Paris motor show. The new IS features the new 'spindle' front grille which adorns all new Lexus models, decorated with a new headlamp cluster design and the trademark L-shaped daytime running lights set independently below.

Koenigsegg backs out of deal to buy Saab

Swedish exotic-car maker Koenigsegg Group has canceled plans to buy Saab from General Motors. GM announced that the deal was off on Tuesday and gave no reason why the deal fell apart, nor did the automaker say what would happen to Saab. In a statement, GM CEO Fritz Henderson said: "We're obviously very disappointed with the decision to pull out of the Saab purchase.