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Video: Fiat creates café racer 500 for SEMA

Fiat is preparing a café racer-style 500 for this week's SEMA show by stripping down an Abarth version to take it "down to the essence of what you need to drive a car." The café racer philosophy of ‘more speed, less comfort' was born around the 1960s British 'biker scene and while initially focussed on increasing performance, quickly developed into a culture as concered with 'the show' as 'the go'. "It takes something like this to really get noticed at SEMA," says Craig Buoncompago, Project Manager at Fiat Product Design. "The Café Racer is really going to be one special car that you guys should really come and see." The 500's roof has been chopped, while also shorn of its door handles and being fitted with hot rod billet rims.

Toyoda says company is ‘grasping for salvation', fears big sales loss

Toyota Motor Corp. President Akio Toyoda said his money-losing automaker is “grasping for salvation” as it struggles to return to profit. The world's largest car company was once targeting annual sales of 10 million vehicles but now expects sales of 7.3 million this year, down from 8.97 million in 2008, Toyoda said today at a news conference.

Mercedes SLS AMG GT3 (2010) first official pictures

This is the Mercedes SLS AMG GT3, a racing version of Merc's incredible Gullwing supercar. Unveiled today at the 2010 New York auto show, it'll start racing in 2011. Correct – the FIA’s GT3 races are designed for ‘near-series’ cars so costs are kept low, and there’s a burgeoning field with everything from R8s and 911s to BMW’s new Z4 racer.