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First Sight: Ferrari 599 GTB

Ferrari have announced the first details of their latest V12 berlinetta at the North American International Auto Show - the new 599 GTB. The new model is a direct replacement for the 575M Maranello and represents the latest interpretation of a theme that has seen such classics as the 250 GT, the 275 GTB, and the 365 GTB4 (Daytona).   According to Ferrari, the new car is a concentration of their most innovative and technologically advanced engineering solutions applied to a mid-front engined two-seater coup?.

Porsche 998 (911) caught testing

The current version of the 911 has not long been refreshed, and still has more to deliver. Only the Carrera and Targa have had the facelift so far, and still to come is the Turbo, not to mention the GT3. But Porsche is already a long way down the road with the next generation 911 (998), which is not expected to launch until 2011, as you can see from this spy shot taken in rather chilly Arctic climes.

Saab files for bankruptcy

Struggling Swedish manufacturer, Saab, has finally filed for bankruptcy. What may well prove to be the closing chapter in this ongoing saga could see the iconic brand laid to rest following months of uncertainty. A statement by parent company, Swedish Automobile NV (Swan) announced that: ‘After having received the recent position of GM on the contemplated transaction with Saab Automobile, Youngman informed Saab Automobile that the funding to continue and complete the reorganization of Saab Automobile could not be concluded.