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Concept Car of the Week: Toyota EX-III (1969)

The Toyota EX-III was presented at the 1969 Tokyo motor show, alongside the EX-I and EX-II concepts. It was by far the most advanced and portrayed a Japanese answer to the American and European dream machines. Just like its smaller sibling, the EX-1, the mid-engined EX-III was designed 'for the increased safety and comfort that tomorrow's high-speed travel will demand,' said the brochure.

Peel P50 back in business

Did you know you can buy a brand new Peel P50? That’s the tiny three-wheeled microcar Jeremy Clarkson famously drove around the inside of BBC Television Centre for an episode of Top Gear in 2007, and holder of the Guinness world’s smallest production car title for over 50 years. Turns out it was put back into production in 2010, and is now assembled under licence by a company called Grasshopper in Nottingham.

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.