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Production of Camaro convertible to start in 2011

Despite General Motors' current economic woes, production of a convertible version of the Chevrolet Camaro is on track to start in early 2011. That is later than the original plan of having the ragtop Camaro go into production early next year, a GM spokesman told Automotive News. But the program was not canceled, just delayed, the spokesman said.

Most of Saleen sold to Michigan group

The future of specialty carmaker Saleen Inc. is getting a little clearer: Most of the company was sold to a Michigan group last week after being on the block since November. An entity called MJ Acquisitions, which owns parts and engine companies in Michigan, bought Saleen’s performance street-car program, supercharger and aftermarket business from Los Angeles private-investment firm Hancock Park Associates.

Porsche 911 buyers flock to rare 24-month leases

Porsche is pushing 24-month leases for its 911 and is running a six-month lease pull-ahead incentive on all of its sports cars to offset a shortage of low-mileage used cars. This year, 22 percent of all 911 lessees have taken 24-month contracts rather than 36-month deals, says Michael Bartsch, COO of Porsche Cars North America. That compares with 10 percent before the push.