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Fiat Panda (2012) first official pictures

This is Fiat’s new 2012 Panda – incredibly, only the third generation of Panda in the range’s 31-year history. Not that buyers seem to mind the glacial rate of progress: Fiat has sold 6.5m Pandas over the past three decades. The new 2012 Panda squeezes more space into the compact footprint; it’s 3650mm long, 1640mm wide and 1550mm high – enough, says Fiat, for five passengers and the biggest boot in segment.

GM, Koenigsegg sign deal on Saab sale

General Motors Co. reached a deal Tuesday to sell its money-losing Swedish subsidiary Saab to Koenigsegg Group AB. The companies signed a stock purchase agreement that would give the tiny Swedish supercar maker 100 percent of Saab's shares, GM Europe said in a statement.

Bugatti Veyron hits the drag strip for fast quarter-mile: Video

The folks over at DragTimes have recorded a Bugatti Veyron 16. 4 while it ran the quarter-mile against a tuned Nissan GT-R at Palm Beach International Raceway. While the French sports car looked out of its element, it was right at home doing what it was designed for, going fast.