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Bajaj RE60

Bajaj, the Indian manufacturer most famous for its two- and three-wheeled exploits, has now turned its attention to the automotive sector. The RE60 is the end result of a four-year development that first began with partner Renault-Nissan and the Lite concept, before moving solely in-house. The sub-400kg car is powered by a rear mounted engine and was conceived, originally, as a rival to the blighted Tata Nano.

Preview: Porsche Panamera

After what has already been the most drawn-out model introduction ever (the initial Porsche sketches of the new model having been revealed in 2005), Porsche has finally released the first official rendering of its forthcoming Panamera sedan, set to be launched in 2009. Though the plan view doesn't show much of the new Porsche's design, the company says the features will 'include a wide and low body offering dynamic proportions and muscular design'. But while the grand tourer will have a 'compact overall look', the interior space is claimed to offer a brand-new experience of roominess, with two single seats and generous headroom at the rear allowing adults to sit in comfort.

General Motors to invest more than $850 million to build new V8s

General Motors Co. said Tuesday it will invest more than $850 million to upgrade five North American factories to make its next-generation V8 engines more fuel efficient. The new V8s will differ from the current versions by using direct injection and a new combustion system, spokeswoman Sharon Basel said.