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2012 Porsche Carrera & Carrera S Cabriolet revealed

2012 Porsche 911 Carrera Cabriolet It’s only five minutes since the 2012 Porsche 911 arrived – well, Frankfurt in September – but already we’ve got the reveal of the 2012 Porsche 911 Cabriolet in Carrera and Carrera S guises, ahead of a debut at Detroit in January 2012. The stand-out feature of the 911 Cabrio – over and above the stand out features of the 2012 911 – is its new trick folding soft-top. Porsche has designed a new folding roof for the 2012 Cabriolet, which features a fabric-skinned composite panel for the top and back bits of the roof and magnesium in the frame, giving a much smoother appearance than a traditional folding roof.

Ford to open Silicon Valley lab

Ford Motor Co., aiming to keep ahead of technology trends, will establish a research lab in the heart of California's Silicon Valley. The automaker said Friday the lab will open near Stanford University in Palo Alto, Calif., in the first few months of this year. Ford wants the lab to take on a start-up feel and expand beyond the traditional automaker mindset to encourage innovation and improve mobility and safety.

GM sees no potential buyers for Saab

General Motors has found no interested buyers for Saab, sources familiar with efforts to sell the Swedish brand say. GM put Saab under "strategic review" as part of the long-term viability plan submitted to Congress last month. In a subsequent interview with Automotive News, GM Vice Chairman Bob Lutz said strategic review is "code for we realize they're not working and something needs to be done." GM has not announced a decision to sell the brand, but has quietly shopped it around, the source said.