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Concept Car of the Week: DeTomaso Zonda (1971)

Not satisfied in producing one of the most astonishing sports cars of the ‘60s with the Mangusta, Italian carmaker DeTomaso asserted its ambitions in 1970 by presenting an even more striking sports car, the Pantera, alongside the luxurious Deauville four-door sedan, both powered by the same Ford V8 engine. Those new gorgeous models were the work of Dutch-born Tom Tjaarda, then head of design at Ghia. Despite those amazing cars, the styling house was struggling to make a profit and that same year, Alejandro DeTomaso sold Ghia along with a large chunk of his company to Ford, which was looking for that exotic Italian touch.

Hyundai to launch N high-performance brand in partnership with WRC team

Microsoft Hyundai today announced it will launch a new high-performance N brand to rival go-faster versions from German manufacturers. Future Hyundai N models will be low-volume sporting derivatives, inspired by the new i20 WRC rally car which will launch at the Monte Carlo race in January 2014. The N badge is designed to cement the link with Hyundai's Namyang R&D centre in Korea, which helped develop the i20 WRC in record time - the team was only founded 12 months ago.

Saab on brink of closing after GM rejects rescue plan

Saab Automobile filed for bankruptcy on Monday and is on the brink of shutting for good after former owner General Motors rejected a rescue plan. The move sets the scene for the end of Saab's struggle to survive after months of hastily drawn-up deals for a company that hasn't made a vehicle in months. The latest plan involved Chinese automaker Zhejiang Youngman Lotus Automobile, but this was vetoed by GM, still a key Saab supplier, over the weekend "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," Saab's Dutch owner, Swedish Automobile, said in a statement.