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Peugeot 208 GTi Concept (2012) first official pictures

This is the Peugeot GTi Concept, and it's a near-200bhp hot hatch that Peugeot will unveil at the Geneva motor show in March 2012. Unveiled alongside it will be the Peugeot 208 XY Concept.  The Peugeot 208 GTi Concept is technically still a concept, but the hottest Peugeot 208 already runs a THP 156 engine, so the mule our spies spotted cold weather testing is thought to be an early prototype for a production version of the GTi.

Ford to open Silicon Valley lab

Ford Motor Co., aiming to keep ahead of technology trends, will establish a research lab in the heart of California's Silicon Valley. The automaker said Friday the lab will open near Stanford University in Palo Alto, Calif., in the first few months of this year. Ford wants the lab to take on a start-up feel and expand beyond the traditional automaker mindset to encourage innovation and improve mobility and safety.

Revenge Design GTM-R is revealed at the Detroit auto show

File this under the eye-candy department at the Detroit Auto Show. An Indiana company named Revenge Designs Inc. unveiled at $145,000 supercar Monday that's fitted with a slew of General Motors parts, including the vaunted LS7 V8 rated at 505 hp and 470 lb-ft of torque.