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TMG Sports 605 concept to debut at Essen Motor Show

While most of us are focusing on the LA Auto Show happening later this week, Toyota Motorsport GmbH is quietly revealing the TMG Sports 650 concept at the Essen Motor Show in Germany. The TMG Sports 650 is a hopped-up, twin-turbocharged V8 version of the normally staid Lexus LS460 sedan. In the concept, power grows from 386 to an impressive 641 hp at 7,450 rpm, while torque jumps to 564 lb-ft.

Meet the Porsche Macan small SUV

The small Porsche SUV that goes on sale about 18 months will wear the Macan nameplate, the German automaker said on Thursday. Until now, the SUV project had been known by the code name Cajun, created from the concept of “Cayenne Junior.” Porsche says Macan is “derived from the Indonesian word for tiger and combines suppleness, power, fascination and dynamics.” The Porsche Macan will share a platform with the Audi Q5 and will be built at the Porsche plant in Leipzig, Germany, that now builds the Cayenne. Porsche is spending $650 million to expand the Leipzig plant, adding a body shop and a paint shop.

GM grants Saab a reprieve, CEO Henderson resigns

By Tim Pollard Motor Industry 02 December 2009 15:51 The board of General Motors has granted Saab a lifeline – by extending the deadline for bids on its stricken Swedish patient to 31 December 2009. GM has been trying to sell Saab for the past year, and the Swedish car maker has been under court bankruptcy protection since February 2009.GM chief executive officer Fritz Henderson also announced he was to stand down. His interim successor is hard-nosed GM chairman Ed Whitacre – meaning that GM Europe and the US mothership have both lost their bosses in a matter of weeks.