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Aspid GT-21 Invictus, Spanish supercar with the Germanic soul

Aspid has released this - the GT-21 Invictus. It sounds like a hedge fund, but it's actually a 450bhp rear-wheel-drive GT that'll get from 0-60mph in under three seconds, top out at 189mph and pull 1.6g on the skidpad. 

Despite the hoofing great BMW-sourced 4.4-litre V8, Aspid's kept weight to a piffling 989.7kg by using a composite panels and a spaceframe chassis. And they claim that, despite the diminutive mass, there's accommodation for four actual humans as well as room for modest luggage. 

Underneath, there's a set of clever pushrod dampers, all-aluminium double wishbones, adaptive airbags, stability control and anti-lock brakes.

The company hopes to have the Invictus ready for 2014, but there's no word on pricing either.

France's PSA Peugeot-Citroen slashing 8,000 jobs

 Struggling French carmaker PSA Peugeot-Citroen is slashing 8,000 jobs in France and closing an iconic site north of Paris. Union members said company management announced the job cuts and closure plan during a meeting with the works council. The restructuring plan includes the closure of its Aulnay-sous-Bois factory. Unions vowed to try to fight back, and plan protests later Thursday. The company is trying to save €1 billion ($1.2 billion) this year as it struggles to compete in Europe's fiercely competitive car market. It is suffering particularly amid a slump in sales in the recession-hit south of Europe. Its sales plunged 20 percent in Europe in the first quarter. It is hoping a new alliance with General Motors Corp. will allow it to return to long-term profitability.

Welcome to the all-new fourth-generation Renault Clio