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Saab secures more funds as it seeks to avert collapse

Saab parent Swedish Automobiles has found another financial lifeline in China as the struggling carmaker faces possible legal action from unions over unpaid wages. In a statement this morning, Swedish Automobiles announced that an un-named Chinese firm has placed an order for 582 Saab vehicles, valued at 13 million Euro (£11.5m) with full pre-payment 'expected to be made this week'.  Saab plans to use the funds to pay wages and begin partial payments to component suppliers in order to restart production. Saab's financial crisis: the current situation.

Kia Sportage (2010 / 2011) revealed

Kia has revealed the Sportage which will debut at Geneva It’s lagging a bit behind its sibling from Hyundai, but Kia’s version of the ix35 – The Kia Sportage – has now been revealed and will debut at the Geneva Motor Show next month. As with the Hyundai ix35, the Kia Sportage is leaps and bounds on from the old car. Its design language, which comes from the guidance of  former Audi designer Peter Schreyer, is as competent and as effective as anything from Europe or Japan.

2012 Pinto Stampede to benefit the Wounded Warrior Project

The second-annual Pinto Stampede will take place May 17-20, beginning at Bristol Motor Speedway in Tennessee and ending in Summit Point, W.Va., at the Jefferson 500. For those keeping track, that's 600 miles in a car that some would have you believe is little more than a rolling Molotov cocktail. For the second time, the Pinto Stampede will benefit the Wounded Warrior Project, an organization that aims to “honor and empower wounded warriors” of the U.S.