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Porsche Macan to get a bolder look before launch

The Porsche Macan – the baby Cayenne – is to get a new, bold look before it launches in 2014, to make it better able to compete against the Range Rover Evoque. The Porsche Macan, Porsche’s baby Cayenne based on the underpinnings of the Audi Q5, is a big deal for Porsche. Having discovered that an SUV could revive their fortunes after they launched the Cayenne a decade ago, the smaller, lower-priced Macan should give both Porsche’s sales and profits a big boost.

Car-sharing programs hit the big time

Rental-car company Getaround introduced its business plan for “peer-to-peer car sharing” on May 24 at the Tech Crunch Disrupter conference in New York City. Unlike other car-renting and car-sharing companies such as ZipCar, Getaround works by connecting potential car renters with willing car owners via an iPhone app. All Getaround vehicles are privately owned.

Saab gets latest lifeline via $5 million infusion from Chinese company

Saab has been on the edge of collapse since a cash shortage early this year forced it to halt production. Now Automotive News reports that a last-minute payment from China's Zhejiang Youngman Lotus Automobile has given the Swedish carmaker yet another shot. Youngman wants to get a stake in Saab and has taken the first step by giving the company $5 million to cover tax expenses, with another $26.43 million forthcoming for unpaid salaries and $13.18 million more before the end of December.