Kazunori Yamauchi, CEO of Polyphony Digital and creator and producer of the Gran Turismo series, has apparently said that they are are still in talks with with some car makers, including Ferrari, to allow their cars to be subjected to crash damage in the game.

The head of 'Ferrari Challenge' developer 'System 3' said earlier this year that convincing Ferrari to put damage on the cars was a "big challenge".
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For those who read UK's Car Magazine, there was an article about the Citreon GT concept car, and it stated that this car is going to be in Gran Turismo 5 this coming spring.
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PSB writes:

Perhaps the most most interesting tidbit to come from the interview was a comment Kazunori made on the release date. When questioned if GT5 would hit in 2010, Kazunori laughed and said the title will be "released sooner than expected".
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Eurogamer writes: "Sony Worldwide Studios boss Shuhei Yoshida has confirmed Gran Turismo PSP is still in development - even though it's been years since the game was first announced.

When asked where GT PSP has got to, Yoshida said, "Good question! It's in Polyphony Digital, they're working on it."

The reason for the delay, according to Yoshida, is that Polyphony have been busy with other projects. "They have been working on Gran Turismo 5 Prologue and Gran Turismo 5 for PS3, so they've had to focus on finishing up Gran Turismo on the PS3 side," he explained. 'That's been making the PSP development a little bit slow.'"
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According to the website, that state that it's all about the wheels, roadsters and horsepower. And that games like Forza Motorsport 2 and Gran Turismo 5 have hundreds of different cars and thousands of different parts to add to said cars, but neither game will have the kind of vehicles or extension of customizable parts that are featured in Borderlands.
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Gran Turismo Prologue owners will soon be able to get their hands on the Lotus Evora in a soon to be released update.
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Gran Turismo 5: Prologue remains in second place behind Grand Theft Auto IV, which continues to dominate the charts...
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Gran Turismo Writes:

Starting on Tuesday, April 15th, we have provided an update for "Gran Turismo 5 Prologue Spec II".
The main contents of this update are as follows:

Online play
- The award of race credits are now allocated at a fixed rate regardless of the number of race participants.
- The High Speed Ring course diagram has been fixed.
- Some online ID's were appearing in grey in the entry list, this has been amended.
- Some online opponents appeared to "blur", this has been amended.

Rankings
- Country and area information now appears next to the online ID in the ranking boards.
- Unusually high scores had been recorded in some Drift Trials, this has been rectified.
- When Drift Trial replays were saved, occasionally these appeared in the "Load as Ghost" option of Time Trials.
This has now been rectified.

Performance Points (PP)
- The method of calculating Performance Points has been revised, to balance vehicles in events with PP upper limits.

Miscellaneous
- LCD display has been added in the F2007 interior view.
- Some interiors and exteriors of some vehicle models have been revised.
- On occasion the Quick Tune gear ratio became impossible to reset in some cars, this has been amended.
- The manual has been updated.

Caution
- The button assignments will be reset when the update is applied.
- In line with the application of the update, all ranking data will also be reset.

* To update, you will need a Playstation 3 connected to the internet with a broadband connection, and "Gran Turismo 5 Prologue" (Either the Blu-ray disc version or downloaded version).
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According to the statement by Kazunori Yamauchi seems to be more of a possibility. In a recent interview granted to a German newspaper DerStandard, Yamauchi had confirmed its intention to Polyphony Digital, to achieve a conversion of the title on the PC. At the moment the news is only a rumour, but it is possible that over the next few weeks there are official statements on the matter. We remain on hold.
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Ichigo from GAF writes:

"Today, at the Spanish premiere of GT5 Prologue (pics below), Yamauchi commented that they're working on a city course based in Madrid for the final game. I know most of you won't care but I'm Spanish myself so I think it's nice :) . I find it weird that they chose the capital over Barcelona, which is much more popular abroad, though."
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It's been over three years since we first sighed 'awwwe' to Polyphony Digital's plans to develop a kindly, gentler racing simulation with the kid-friendly Gran Turismo for Boys. Now series mastermind Kazunori Yamauchi has come forward about the project, and in a recent CVG interview commented that Gran Turismo for Boys is still coming, though perhaps as an included feature in Gran Turismo 5 rather than a standalone game.

Gran Turismo for Boys was first revealed in November 2004 by Yamauchi as a way to hook preteens on cars, sort of like candy cigarettes, but since then there's been little said about the effort beyond the occasional footnote to let the world know that the project hadn't been run over. Tykes shouldn't get too excited yet, however, as Yamauchi admits that his team is currently spinning wheels working on GT5, and have little time to spend on side projects. Still, with the game's release about a year off maybe he'll find time to include the child dedicated feature -- and keep us from throwing a tantrum.
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Not even a whisper has been uttered about the elusive Gran Turismo for Boys venture since its original 2004 announcement for PS2, but it's still coming, Kazunori Yamauchi insists.If you hadn't already forgotten it ever existed, you'd be forgiven for thinking that the game had been canned years ago, but GT creator Yamauchi has told us that it's still on the way, but not a standalone game as previously thought."We're hoping to ... » Read More

Gran Turismo fans still have around 12 months to wait for a full sequel to appear on PS3, according to Sony Computer Entertainment of America. "...GT5 is still about a year away. You should just decide now to buy it, enjoy it, go online and race against anyone and everyone, rank number one worldwide, get the girl (or guy) and become the most popular kid in town. The end," Chris Hinojosa-Miranda, associate producer at SCEA, says. The last we ... » Read More

GameRevolver.com reassures the Playstation community that GT5P will be available in infinite supply contrary to many rumors.
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Play.com are reporting that GT5 orders placed after the 25th of March can not be sent on time - due to the game being completely sold out! As one of the biggest Sony franchises there is, GT5 can only mean good things for the PS3 going forward.
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LIBERTY CITY, New York - Two of the biggest franchises in video games are looking at sequels that they hope will revolutionize the genre. Rockstar's Grand Theft Auto IV allows players to move about freely in a living city - and, if they choose, destroy it with automatic weapons fire. Polyphony's Gran Turismo 5 takes hyper-realistic graphics and puts the player in the driver seat of hundreds of enticing cars, which they can try out on the virtual versions of exotic racetracks from around the world.
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PlayStation are running a Gran Turismo 5 Prologue competition in stores across the UK between 17 and 31 March...
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An article in "Road & Track" on the real-life Mach 5 car from the upcoming Speed Racer film has sparked rumors that the Mach 5 itself could appear in Gran Turismo 5. Much of the speculation revolves around the end of the aforementioned article:

"Special thanks to... Polyphony Digital Inc. for creating a virtual simulation of the Mach 5 that we used for our performance tests."
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Details on tracks, vehicles and more.
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In an email sent to customers, GAME, a leading retailer of video games, has confirmed Gran Turismo 5 won't be released this year, with European PlayStation 3 gamers having to wait until 2009.

The email does, however, promote the March 28 release of Gran Turismo 5 Prologue, which will be priced only £19.99. This early teaser will feature five tracks and 40 cars, plus 16-player online racing.
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