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EyesOn Design Awards Winners announced

On the second day of the Detroit auto show, the traditional EyesOn Design awards took place in the newly-opened Atrium Stage of the Cobo Hall. For the first time in its eight-year history, the judges of the competition (who include present and retired design directors from almost every major automotive OEM) awarded the 'Best Concept Vehicle' award to two designs – the Ford Atlas and Nissan Resonance, beating the Hyundai HCD-14 Genesis and Lincoln MKC concepts to the award. In the production car category, the Cadillac ELR was a somewhat surprise winner, beating internal GM rival, the new Corvette Stingray to the award.

Saab says it will restart production after securing short-term loan

Saab aims to restart production within a week after its owner, Spyker Cars, secured a 30 million euro ($44.7 million) short-term loan to help ease its cash crunch. Spyker said it will borrow the money from Gemini Investment Fund in a convertible loan agreement with a 6-month maturity. The interest rate of the loan is 7 percent a year and the conversion price is 4.88 euros per share.

2011 Hyundai Coupe – Hyundai Veloster – teased

The Hyundai Veloster - teased ahead of the Detroit Motor Show For all that Hyundai – and for that matter sister company Kia – have managed to become in the last few years, we need only look towards one car that signposted their potential – the Hyundai Coupe. Cheap as chips – certainly for what it offered – the Hyundai Coupe was a cracking drive and actually looked rather good. Some even claimed it was trying too hard and looked too much like a Ferrari.