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In one of those embarrassing moments than can haunt you for a very, very long time (especially when the mishap occurs in front of a crowd with hand held cameras…), a driver of what looks like a modified second-generation Buick Regal Coupe from the early 1980s, gets ready to impress by beating his rival in a drag strip race.

And then it happens; as he leaves the line in full force the seat breaks and he falls back… Watch the funny incident in the video after the jump.

We already know for a fact that Hyundai is planning to launch a more powerful version of its new Veloster sports car fitted with a 1.6-liter turbocharged engine delivering 208HP for a 0-62mph (100km/h) sprint time of under 7 seconds (Carscoop has officially confirmed all numbers), with European sales to start in early 2012.

We still don’t know when and if this engine will be offered in North America, but those interested in a more hardcore Veloster will have a chance to see plenty of aftermarket options at this November’s SEMA show in Las Vegas.

Kia Motors does not intend to build new plants despite increased worldwide demand for its products, the automaker’s co-CEO, Lee Sam-ung told Autonews in a recent presentation. The Korean company will instead focus its efforts on quality.

“Quantitative growth is important, but qualitative growth is also important. We plan to focus on improving product quality and our brand,” Sam-ung said at the launch of the new

Renault is playing the good versus evil card with its new limited run Clio Renaultsport 200 “Ange & Démon”, which is French for Angels and Demons. Deviously, the bespoke version of the Clio RS will be produced in a…fiendish 666 units worldwide – as most of you already know, that’s the number of the Beast in the Book of Revelation.

The Fiat-Chrysler alliance has said that the two groups will work hand-in-hand towards the development of all future models, with the Italian branch handling the smaller and compact / medium segments and the American, the medium and larger categories.

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Is it sibling rivalry or pure coincidence? No matter: the PSA Peugeot Citroen Group unveiled today not one but two compact crossovers: the Peugeot 4008 and the Citroen C4 Aircross.

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French carmaker Peugeot has revealed its entry in the compact SUV / crossover segment, the new 4008 that will make its world premiere at the Geneva Motor Show next March before it goes on sale in the second quarter of 2012.

Positioned under the larger 3008 and 4007 in Peugeot’s lineup, the 4008 (previously thought to be named 2008) is based on the Mitsubishi ASX, which you may also know as the Outlander Sport in the USA, and RVR in Japan and Canada.

While future production plans for the Fiat-Chrysler alliance’s Italian brands (Fiat , Alfa Romeo and Lancia) can change from one moment to the other for a variety of reasons, up until now, the American branch of the group has proved to be more reliable and on time when it comes to new projects.

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Swedish Automobile N.V. [Swan] owner of cash-strapped Saab, announced today that it has reached an agreement with US-based private equity firm North Street Capital LP concerning the main terms for the sale of its Spyker luxury sports car business.

North Street Capital LP is based in Greenwich, Connecticut and its managing partner, Alex Mascioli, also doubles as a race car driver.

The redesigned 2011 Chrysler 300C has scored an impressive 80 — an “Excellent” rating — in the road test portion of Consumer Reports’ latest assessment of upscale sedans.

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