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Gumpert Insolvent

German supercar maker Gumpert has filed for insolvency after a foray in to China failed to realise the expected sales. We’re beginning to wonder if the only garden shed supercar makers actually able to make a go of things are British? Gumpert – German maker of extreme supercars – has instigated insolvency proceedings after its plan to make the newly wealthy Chinese fall in love with its bonkers cars floundered.

Mexico plant to build Honda Fit for U.S. market

Honda Motor Co. has confirmed it will build its Fit small car at its new plant in Mexico for export to the United States and other markets, as it expands its local production footprint to combat the Japanese yen's profit-eating strength. The plant, near Celaya, Guanajuato, will begin operation in 2014 with a capacity of 200,000 vehicles a year.

2015 Subaru WRX debuts at Los Angeles Auto Show

If you loved the rakish WRX concept that bowed in New York earlier this year, the production 2015 WRX, which debuted today at the Los Angeles Auto Show, may be a slight downer: decidedly less boy-racer than its predecessors, its sculpted fender flares and unique sheetmetal only slightly disguise its Impreza rootstock. But the WRX has always been more about performance than style, anyway, and Subaru says the new car will top its predecessor on that front. The '14 WRX's 2.0-liter turbocharged boxer-four squeezes out 268 hp and 258 lb-ft -- just a little bit more than the outgoing 2.5-liter turbo-equipped car.