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World’s Fastest Car, BMW Green Sports Car: Today’s Car News

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Aussie Invader 5R rendering

Aussie Invader 5R rendering

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It’s hard to believe that in this economic climate there are in fact two different teams gunning for the world land speed record. The latest is the Aussie Invader team from Australia, which is working on a new rocket-powered car capable of accelerating from 0 to 1,000 mph in a claimed 20 seconds. [Drive]

BMW is reportedly studying the viability of launching a two-seater sports car that showcases all of the firm’s most sophisticated environmental technology. A limited production run would be timed for release at the end of 2012, and this latest computer-generated rendering gives us some clues as to what the final version could look like. [Motor Authority]

The North American version of Ford’s popular global Fiesta compact is just hours away from its debut at the 2009 Los Angeles Auto Show but already images of the car, which will be available in both hatchback and sedan body styles, have appeared on the web. [Fiesta Faction]

The world’s cheapest car, the Tata Nano, may soon have a hybrid option if the latest reports are to believed. Buyers not only looking for a cheap car, but one that is cheap to run as well will soon be able to rejoice. [Autocar]

General Motors is now the full control of Opel, having repaid all of the emergency loans the automaker received from the German government. The loan totalled about $2.25 billion including interest. [Automotive News, sub req’d]

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