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Fiat 500 gets 3-star safety rating from NHTSA

The slow-selling 2012 Fiat 500 now has another obstacle in its sales path: It has been tagged by the National Highway Traffic Safety Administration with a three-star safety rating, the lowest of any new model tested so far. The two-door subcompact received four stars from NHTSA for frontal crash and rollover accidents but received just two stars for side-impact crash safety, the agency announced on its Web site, safercar.gov. The tests gave the car a combined overall safety rating of three stars, NHTSA reported.

'Outside the Oval' art exhibition showcases Ford Australia design team's creativity

Members of Ford's Melbourne design team have created over 30 works of art for a new exhibition. Called Outside the Oval, the event is normally held internally, as an opportunity for the design team to explore creative pursuits that may have previously been limited to their spare time. However, this year it will be opened to the public for the first time, with artworks including sculpture, 2D paintings and digital art.

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.