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French government vows Renault reform after meeting with Ghosn

The French government will see to it that the individuals responsible for the now debunked Renault SA espionage affair are dealt with, the Finance and Industry ministers said in a statement. "The ministers underscored that they will pay close attention to organizational reform and individual responsibility (at Renault) based on the result of the audit," Finance minister Christine Lagarde and Industry Minister Eric Besson said in a joint statement after meeting with Renault CEO Carlos Ghosn on Thursday. The French state, which owns 15 percent of Renault, has called for a thorough investigation into discredited claims that three Renault executives were spying on the carmaker, possibly for a foreign government.

BMW 5-Series Gran Turismo (GT) concept unveiled

The BMW 5-Series GT - Due to launch at Frankfurt in September [ad#ad-1] The Germans do love a niche or two. Audi seems to be trying to cover everything from a runaround to a supercar, and Mercedes has gone as far as to build an S-Class people carrier (the R-Class) and a super-luxo-barge (Maybach). But BMW play the game as well – the BMW X6 being a good case in point.

Hennessey Venom GT hits 265.7 mph

Making a car go fast isn't rocket science: You add power and subtract weight. So if money were no object, you might take one of the lightest cars you could find and shove in one of the most powerful production engines on the planet. The result might look a lot like the Hennessey Venom GT.