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Saab says three new models are in the works

Saab says a new financial deal with Chinese companies Pang Da and Zhejiang Youngman Lotus gives it the cash to plan three new models. Saab's plan calls for: -- The 9-1, an entry-level car that has been known as the 9-2 until now. -- The 9-6 and the 9-7, which Saab says will be prestige vehicles.

Toyota Yaris Hybrid (2012) first official pictures

This is the new Toyota Yaris Hybrid, and although it’s been unveiled on the same day as the world’s motoring media descends upon Detroit for the 2012 North American International Auto Show, it's not there. Instead, the new Toyota Yaris Hybrid won’t actually appear until the Geneva show in early March 2012. Presumably the Toyota Yaris Hybrid is even cleaner and greener than the pious Prius?

Watch sinkhole form at National Corvette Museum

The National Corvette Museum in Bowling Green, Ky. has released security-camera footage showing the formation of the sinkhole that swallowed eight rare cars yesterday. The 40-foot-wide sinkhole, which could be between 25 and 30 feet deep, opened at roughly 5:44 a.m.