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Nissan Juke Nismo debuts

The Nissan Juke Nismo will debut this weekend at Le Mans 24 Hours and go on sale in the UK in early 2013. The Nissan Juke Nismo sounds like it should be a slightly watered-down version of the Juke R, but it’s not. The Juke Nismo, revealed at the end of 2011, is in fact a titivated regular Juke; think the Nissan version of IPL.

Ferrari Myth exhibition opens in Shanghai

Spreading the gospel of Enzo, Ferrari opened its Myth exhibition at the Italian Center in the Shanghai Expo Park on May 18. To help develop the second-largest market for Ferrari, the three-year exhibit is the Italian manufacturer's way of showing the Chinese public the history, cars and technology of Ferrari. The exhibit has five areas: Ferrari in China, Green, Product, Design and Racing.

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.