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Studiotorino unveils Porsche Cayman-based Moncenisio

Studiotorino is an Italian coachbuilder, based in the city that its name suggests -- on the banks of the Po River, deep in the heart of Turin. It came to prominence thanks to a smattering of projects: a buttressed, fastback Mercedes-Benz SL, a Fiat 500 named after beloved Italian pulp hero Diabolik and a Maserati Quattroporte wagon that they appropriately renamed "Cinqueporte." But Studiotorino is also infatuated with the Porsche Cayman. To that end, the firm has introduced the Moncenisio, a Rhapsody in Blue rebody of the Typ 981 that aims to do for German sports cars what Figoni et Falaschi did for the Delahaye and what Porcubimmer Motors did for a BMW 3-Series.

New MG5 revealed – first photos arrive

New MG5 - but don't expect to see it until late 2013 The MG5 has been revealed – a Golf size hatch – and will launch in China this year. The UK and Europe will have to wait until late 2013. The first photos of the new MG 5 fluttered in to our inbox today, and it’s really the first time we’ve reported anything on the next MG from China since this time last year when we had early sketches of the MG5.

GM Europe weeks from running out of cash

By Phil McNamara Motor Industry 03 March 2009 19:03 GM Europe will run out of cash ‘early in the second quarter’ of 2009, unless the divison secures $3.3bn in funding from European governments. Speaking today (Tuesday 3 March), GM chief operating officer Fritz Henderson revealed that insolvency loomed, due to the plunge in European car sales and GM’s liquidity crisis in North America. He ruled out a swift cash injection from private investors, saying that no talks had taken place and that lengthy negotiations and due diligence would take too long.