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Hyundai introduces Bisimoto Genesis coupe for SEMA

Hyundai began its SEMA push on Monday with a 1,000-hp Genesis coupe from Bisimoto Engineering. We're not sure how the company managed to squeeze that many ponies out of the Genesis' 3.8-liter V6. We're guessing alchemy has something to do with it.

'Porsche By Design' exhibition charts Porsche design history

Some of Porsche's rarest and most iconic cars will be showcased at the North Carolina Museum of Art's new exhibition, ‘Porsche by Design: Seducing Speed'. The collection, which consists of 22 cars dating back to 1938, is designed to explore the history and development of the Porsche lineup up until the present day. Amongst the models are a 1938 Type 64 Berlin-Rom racer, a 1963 Type 901 Prototype, 1969 Type 917 16-Cylinder Spyder Prototype and a 2010 Type 911 Sport Classic Carrera.

News watch August 2010: today's industry news

Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hourTuesday 31 August 2010• HSBC has sold its US car loan business to Spanish bank Santander, for an estimated £2.6bn in cash and assumed debt. The move sees the bank further distance itself from the collapsed US sub-prime market (Financial Times, subsription required) • Toll roads do not improve congestion, according to the Campaign For Better Transport. Its claims M6 toll road operator Midland Expressway Ltd is losing ‘tens of millions of pounds’ each year, while conditions on the original M6 have failed to improve (Campaign for Better Transport) Friday 27 August 2010• Spyker, which bought Saab earlier this year, has posted a €139m loss after tax in the first half of 2010 it announced today (Financial Times)• Fiat CEO Sergio Marchionne says the business is performing strongly in the third quarter – and has ruled out selling Alfa Romeo.