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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.

Ferrari Enzo successor to make 920 hp

About a decade and a half after Porsche eschewed its lightness-and-small-displacement strategy and built a five-liter sports racer to take down Ferrari at Le Mans, a different sort of war kicked off between the two marques: a battle for supremacy in the super-supercar market. In 1984, Ferrari built a radically modified twin-turbo 308 GTB with an eye toward Group B road-racing rules. Porsche countered the resultant 288 GTO with the mighty 959, which launched at about the same time as the 288's successor, the practically skeletal and infinitely loopier F40.

Maserati names new North American boss

Update on McNabb Maserati has named longtime Chrysler executive Bob Graczyk as CEO of its North American division. He replaces Mark McNabb, who previously worked for Cadillac and Infiniti. McNabb had led Maserati since June 1, 2009.