Cylinder Head Temp Sensor, Avenger Racepak, Snowmobile on 2040-parts.com

Win-A-Shelby raffle winner gets a 624-hp GT350

After years of participating in the Win-A-Shelby Raffle, one lucky enthusiast finally drew the golden ticket at the Barrett-Jackson Orange County Auction in Costa Mesa, Calif. William Munn of Maritez, Calif., was crowned owner of the 2011 GT350 on Sunday. By buying five tickets at $100 or a single ticket for $25, participants placed their names in the drawing to win the coveted Shelby.

Saab ends deal with Chinese investors

Saab owner Swedish Automobile scrapped a $340 million investment deal with Chinese automotive companies Zhejiang Youngman Lotus and Pang Da after they proposed a buyout, straying from the original deal. Youngman and Pang Da signed a nonbinding agreement in July to take a combined 53.9 percent stake in Swedish Automobile. The Chinese companies say circumstances have changed since that time, so the deal should too.

Bid to cut car insurance premiums

THE COMPETITION WATCHDOG is proposing to impose a cap on replacement vehicle costs following motor accidents as part of a clampdown to help cut premiums for all drivers in the £11 billion private motor insurance market. The Competition and Markets Authority (CMA) said the cap on charges passed to the insurer of the driver who is at-fault in an accident for the cost of providing a replacement vehicle to the non-fault driver, would "more closely reflect the costs incurred and remove significant inefficiencies". The watchdog has previously found that the "complex chain" of claim costs following an accident collectively inflates premiums by as much as £200 million a year.