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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.

News watch Jan 2010: today’s auto industry news

Wednesday 20 January 2010• Rolls-Royce has appointed Torsten Mueller as chief exec from the end of March 2010. He is currently BMW's global product management boss and will replace Tom Purves who will retire after 25 years with the BMW Group (Rolls-Royce)• Japan has bowed to pressure and extended its scrappage scheme to include American brand vehicles. Many had been barred from the scheme because they had different fuel economy standards (Automotive News, subscription required)• New GM Europe CEO Nick Reilly has vowed that Opel and Vauxhall will become a global company.

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.