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Fiat 500 1957 Edition revealed ahead of LA Auto Show

While American teenagers were cruising around in finned interstate crushers, Europeans of all ages were discovering the wonder of automobile ownership thanks to the tiny, affordable Fiat Nuova 500, introduced to a car-hungry public in 1957. The little two-cylinder city car was a smash hit, with 3,893,294 built before production ended in 1975. Fiat 500 production resumed in 2007, but the new car was vastly different from the original: Its engine gained two cylinders and moved to the front of the car, while its footprint, though diminutive by American standards, positively dwarfs that of its predecessor.

Saab ends deal with Chinese investors

Saab owner Swedish Automobile scrapped a $340 million investment deal with Chinese automotive companies Zhejiang Youngman Lotus and Pang Da after they proposed a buyout, straying from the original deal. Youngman and Pang Da signed a nonbinding agreement in July to take a combined 53.9 percent stake in Swedish Automobile. The Chinese companies say circumstances have changed since that time, so the deal should too.

KATIE PRICE SUFFERS BAG SNATCH

KATIE PRICE has hit out at the "pure scum" who smashed a window of her car and stole her designer handbag. The model and businesswoman posted a picture on Twitter showing a broken window and glass lying on the car seat. Price said the Louis Vuitton bag contained "valuables".