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Bugatti Galibier 'will be a hybrid' - Wolfgang Durheimer

Bugatti 'will continue to produce the worlds fastest car' Bugatti will launch the 16C Galibier limousine shown in 2009 as a concept car, the new president and CEO Wolfgang Durheimer has confirmed to CAR. The Galibier will eventually be part of a two-strong Bugatti range, meaning there's life in the hypercar brand post-Veyron. In a wide-ranging interview in the new May 2011 issue of CAR Magazine, Durheimer revealed that the Galibier would carry over the Veyron's monstrous W16 engine and transmission, but that Bugatti is developing a hybrid option to make sure its big limo retains social acceptability.

Glass’s Guide Luxury Cars price crash

I think we all knew it was happening, but Glass’s guide, the trade bible for used car values, has confirmed that luxury cars in the UK have fallen out of bed in a big way. Comparing luxury diesel saloons with a year ago, they say that average values have dropped by a massive 21%. And in pure money terms the top end coupes, such as the Porsche 911, have fallen by 18%.

Koenigsegg backs out of deal to buy Saab

Swedish exotic-car maker Koenigsegg Group has canceled plans to buy Saab from General Motors. GM announced that the deal was off on Tuesday and gave no reason why the deal fell apart, nor did the automaker say what would happen to Saab. In a statement, GM CEO Fritz Henderson said: "We're obviously very disappointed with the decision to pull out of the Saab purchase.