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Concept Car of the Week: Peugeot Proxima (1986)

Presented at the 1986 Paris Motor Show, the Proxima concept was the ultimate vision of '80s futurism, both in terms of its design and engineering. To assert its blue-sky vision, Peugeot named its creation after Proxima Centauri, the closest star to the sun. The exterior design was directed by Gérard Welter, and featured a long wheelbase, mid-mounted engine and very small overhangs, putting the accent on power and performance.

BMW i8 Winter testing (video)

The BMW i8 is caught on video cold weather testing We have video of the BMW i8 winter testing in deep snow, in what looks to be a a much closer to production i8. The BMW i8 has been floating around for nearly three years as BMW’s nod to an eco future for supercars. Starting with the Vision EfficientDynamics concept we saw back in 2009, BMW went on to reveal their ‘i’ Brand and reveal the  BMW i8 last summer. With the i8 not likely to hit showrooms until late 2013 or early 2014, BMW are out doing what car makers do and testing their new cars in extreme weather, this time it’s cold weather testing and footage of the i8 frolicking with the snow ploughs.

Saab owner and Chinese investors continue talks regarding takeover deal

Talks between Saab's owner Swedish Automobile and two Chinese investors on a takeover deal to rescue the ailing carmaker will continue even though a memorandum of understanding signed by the parties only runs until Tuesday, Saab said. "They (the parties) are still in discussions about the structure of the deal going forward and they are continuing their cooperation as if the memorandum of understanding continues," Gunilla Gustavs, a Saab spokeswoman, told Automotive News Europe. The Chinese companies, Pang Da Automobile Trade Co.