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First look: 2014 BMW M3 and M4

The BMW M3 is back, faster and more powerful than ever before -- but only as a four-door sedan. For its iconic 3-series-based performance model, BMW will dispense with a 26-year tradition of high-revving naturally aspirated engines in lieu of turbocharged six-cylinder power. Revealed here in production-car guise for the first time, the new 425-hp M3 sedan will be joined at the outset by its sister model, the M4 -- a mechanically identical but stylistically sleeker two-door coupe previewed in lightly veiled concept-car form at the Pebble Beach concours in California last August.

Saab unable to pay wages as financing crisis deepens

Saab's money troubles have worsened to the point that the struggling car maker is unable to pay its employees' wages on the eve of the Swedish mid-summer vacation period.In a brief official statement last night, Saab's parent company Swedish Automobile N.V (formerly Spyker Cars) announced that it was 'will be unable to pay the wages to employees as it has not yet obtained the necessary short-term funding.'  While Swedish Automobile and Saab continue to pursue options for securing short-term financing to solve the cashflow crisis, the company admitted 'there can however be no assurance that these discussions will be successful or that the necessary funding will be obtained.' Saab share prices tumble, Swedish government will not intervene Reaction to the worsening financial crisis from stakeholders has been predictably bleak. Swedish Automobile's shares dropped 61% in value yesterday, and are currently trading at 0.948 euro. The Swedish government, already guaranteeing a €400m loan to Saab by the European Investment Bank, shows no inclination to bail-out Saab, which employs 3800 staff.

Lamborghini Aventador J at 2012 Geneva motor show

There maybe other Italian sports car manufacturers looking to hog the limelight at the 2012 Geneva motor show (and Ferrari and its 730bhp F12 is one of them) but Lamborghini will vie for attention with the Aventador J. A two-seat, open top speedster based on the Aventador LP700-4, it has some intriguing bits of carbonfibre tech and highly individual design. Named 'J' after the FIA’s Appendix J that governs the tech spec of race cars in certain classes, it’s proper bedroom wall material – but little boys and girls are unlikely to ever see it on the road as it’s a one-off and will go to a lucky owner after its appearance at Geneva.