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Porsche nearing 900 orders for its 918 Spyder hybrid concept

When Porsche AG showed the 918 Spyder at the Geneva show in March, we said it was a car to “make anyone a believer in hybrid supercar tech.” Well, maybe not anyone, but Porsche now says it has almost 900 potential buyers for the two-seater hybrid prototype as the German automaker gets closer to approving production. Porsche development chief Wolfgang Duerheimer said he is confident the company will soon reach the threshold of 1,000 orders, which is how many the company needs to “make a sound business case.” The 918 has 680 hp and, according to Porsche, will get 78 mpg and run from 0 to 60 mph in 3 seconds. Porsche said it wants to double its overall vehicle sales to 150,000 in the next five years or so.

GM sees no potential buyers for Saab

General Motors has found no interested buyers for Saab, sources familiar with efforts to sell the Swedish brand say. GM put Saab under "strategic review" as part of the long-term viability plan submitted to Congress last month. In a subsequent interview with Automotive News, GM Vice Chairman Bob Lutz said strategic review is "code for we realize they're not working and something needs to be done." GM has not announced a decision to sell the brand, but has quietly shopped it around, the source said.

Goodwood Festival of Speed 2008 | CAR Magazine Online

By Tim Pollard Motor Shows 25 June 2008 09:30 The Goodwood Festival of Speed is a heart-stoppingly special event. I remember my first back in the late 1990s: marvelling at the splendour of Goodwood House; impressed that you could walk up so close to the cars and stars that enrich the atmosphere; and wondering just how Lord March had turned his back yard into one of the world’s premier motoring events. Make no mistake, the Festival of Speed is unlike any other I have ever attended.