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Toyota GT86 Convertible? Meet the Scion FR-S Speedster

Scion FR-S Speedster Toyota Racing will debut a convertible GT86 in the shape of the Scion FR-S Speedster at the Toyota Grand Prix of Long Beach. Even before the Toyota GT 86 hit the roads we were expecting a convertible version to be not far behind. In fact, Toyota’s chief engineer, Tetsuya Tada, confirmed last month that the GT86 / Subaru BRZ / Scion FR-S was conceived as a convertible and that Toyota are working on a production version.

Saab unable to pay wages as financing crisis deepens

Saab's money troubles have worsened to the point that the struggling car maker is unable to pay its employees' wages on the eve of the Swedish mid-summer vacation period.In a brief official statement last night, Saab's parent company Swedish Automobile N.V (formerly Spyker Cars) announced that it was 'will be unable to pay the wages to employees as it has not yet obtained the necessary short-term funding.'  While Swedish Automobile and Saab continue to pursue options for securing short-term financing to solve the cashflow crisis, the company admitted 'there can however be no assurance that these discussions will be successful or that the necessary funding will be obtained.' Saab share prices tumble, Swedish government will not intervene Reaction to the worsening financial crisis from stakeholders has been predictably bleak. Swedish Automobile's shares dropped 61% in value yesterday, and are currently trading at 0.948 euro. The Swedish government, already guaranteeing a €400m loan to Saab by the European Investment Bank, shows no inclination to bail-out Saab, which employs 3800 staff.

Honda Civic Type R Mugen 200 revealed

Honda has revealed the limited edition Civic Type R Mugen 200 Back in October Mugen announced that there would, after all, be a Euro version of the Mugen Honda Civic Type R. But only in limited numbers – just 20 cars hand-built by Mugen in the UK. This Mugen Civic Type R gets some much-needed mechanical and supension fettling, but costs a somewhat hefty £38.5k.