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Panoz confirms new Abruzzi road car

The recurring rumor is now put to rest. Don Panoz, founder of Panoz Auto Development and the American Le Mans Series, said on Monday that the latest Panoz sports car--the Abruzzi “Spirit of Le Mans”--will be formally unveiled in June in France, in the lead-up to the 24 Hours of Le Mans. “We wanted to wait until Le Mans to release official photos of the car, but today we are providing a ‘teaser’ image of the Abruzzi ‘Spirit of Le Mans’ that hints at what the final car will be like,” Panoz said.

Ferrari 456: why Maranello is considering a V6 entry-level supercar

By Georg Kacher Motor Industry 25 August 2014 07:00 Ferrari is readying the next generation of supercars – and we’ve already reported how it’s about to start turbocharging the majority of its sports cars. But there’s another corner of Maranello’s R&D skunkworks which is developing V6 power for future sports cars. We do not have official confirmation yet, but intelligence indicates that the new twin-turbo V6 is a 2.9-litre unit, designed to be long-term street-legal and affordable in big growth markets such as China.

GM sees no potential buyers for Saab

General Motors has found no interested buyers for Saab, sources familiar with efforts to sell the Swedish brand say. GM put Saab under "strategic review" as part of the long-term viability plan submitted to Congress last month. In a subsequent interview with Automotive News, GM Vice Chairman Bob Lutz said strategic review is "code for we realize they're not working and something needs to be done." GM has not announced a decision to sell the brand, but has quietly shopped it around, the source said.