Ferrari 599 GTO, Saab Fans Take The Battle To GM: Today’s Car News

January 6, 2010

Ferrari is set to revive its GTO badge for a new hardcore version of the 599 GTB supercar. Due to enter limited production next year, the new car will pack a 700-horsepower V-12 engine and a host of suspension and handling mods. [EVO]

Desperate Saab fans clinging to last hopes that the brand can survive have taken the battle to General Motors’ headquarters in Detroit, braving the cold to get their message across--“Save Saab.” [The Boston Globe]

Volkswagen has just launched its Polo in the Indian market and to coincide with the event, the automaker has also revealed the Polo Cup race car based on the diminutive hatchback. Boasting a 1.6-liter R4 common rail diesel (CRD) engine, the Polo Cup race car is packing 130 horsepower and is set to see competition this June. [WorldCarFans]

Lee Noble and his newly established Fenix Automotive has revealed the first sketches of a new supercar project currently in development. The latest model will be available with one of two GM V-8 powertrains, one of which will be the 638-horsepower LS9 from the Corvette ZR1. [MotorAuthority]

Last year was the worst year on record for auto sales in the U.S., with numbers reaching 30 year lows. America’s automakers fared the worst, with GM’s sales dropping 30%, Ford’s sales dropping 15.4%, and Chrysler’s sales coming in 36% lower than 2008 levels. [The Detroit News]

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