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Porsche 960 & Porsche Pajun on the way

A Porsche source has confirmed that Porsche are working on a smaller Panamera – the ‘Pajun’ – and a mid-engined Porsche 960. Now that Porsche has finally become part of VW, it can move forward with its plans to fill every supercar niche in the same way Audi is in a mission to fill – and create – every premium car niche. With two new models already officially confirmed as on the way – the Porsche Macan (a smaller Cayenne) and the Porsche 918 – Porsche’s minds are now firmly focused on the next two new models from Stuttgart – the eighth and ninth models in the range.

U.S. equity firm to invest $70 million in Saab

Race-car fan and private-equity executive Alex Mascioli is pumping $70 million into Saab as the Swedish automaker works to stay afloat. Mascioli's firm, North Street Capitol, is buying $10 million in shares of Swedish Automobile, which owns Saab, and is also giving the company a $60 million loan to pay for the carmaker's reorganization. U.S.-based North Street Capital struck a deal in September to buy the Spyker sports-car business from Swedish Automobile for $44 million.

Teen-created PSAs combat distracted driving

Two widely held assumptions about 21st-century American teenagers is that they're too busy with their smartphones to have any interest in cars and that any who manage to find their way behind the wheel are too distracted to drive safely anyway. These generalizations are broad, unfair and perhaps even counterproductive -- yet they're reinforced every time distracted driving leads to a preventable tragedy. That's why we were glad to see young drivers take action by creating a series of anti-distracted-driving public safety announcements for the Teens Drive Smart Video Contest.