Hyundai is quickly proving with its Genesis luxury sedan that a lower-end Asian automaker can play in the V8-powered big leagues, and if the reports are to be believed, Suzuki wants in. The Japanese carmaker’s Kizashi concepts, unveiled in Frankfurt and Tokyo last year, proved popular enough for Suzuki to move ahead with production plans and target a late 2009 roll-out. But before it settles on what form the production version will take, Suzuki is reportedly preparing a third iteration to show at the New York Auto Show in March, and this one will be powered by a V8 driving all four wheels, compared to its turbodiesel and V6 predecessors. Whether there’s any truth to the reports will become evident as we weave through Manhattan traffic towards the Javits Center, so stay tuned.

Saab has got its work cut out for it over the next few years, as it attempts to recreate itself – once again – by offering a slew of new products that will hopefully differentiate it from the rest of the General’s line. The next big small thing from Saab is the 9-1 concept, which aims to compete with the BMW 1-series, the Audi A3 and Volvo’s C30.

Originally, the 9-1 was supposed to make its debut at the London Motor Show, but Saab designer Anthony Lo divulged to Auto Motor Und Sport that the new hatch would be unveiled this March at the Geneva Motor Show.

Details about Saab’s new compact offering are still scarce, but expect styling to be heavily influenced by the Aero X concept, with power provided by either a turbocharged 1.4-liter four or a BioPower mill.