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Saab finds a buyer

Bankrupt automaker Saab has found a buyer. But instead of picking up where the Swedish firm left off, the buyer plans to use Saab's resources for the production of electric cars. The new owners of Saab, a Chinese-Swedish investment group with Japanese backing called National Electric Vehicle Sweden AB (NEVS), did not release details on how much it paid for Saab or how much it planned to invest in the company.

Art Center Car Classic features the world's great automobiles

It seems like we say this every year, but this year it's truly fitting: this was the best Art Center Car Classic ever. Consider that the show covered both ends of the Corvette spectrum, from Peter Brock and the rise of the original “Mitchell Corvette” -- which was right there parked on the grass -- to General Motors designer Pete Thomas and the new C7 parked not far away, with the Mako Shark and the '63 split-window Sting Ray lined up between. A couple car lengths from that was the debut of the finally finished Peter Mullin Bugatti Type 64, a spectacular re-imagining of Jean Bugatti's unfinished final car done by Art Center students and Transportation Design chair Stewart Reed.

Bristol Cars collapses into administration (2011)

Bristol Cars has collapsed into administration, it emerged overnight. The curio car maker from Bristol just couldn't make ends meet as sales dried up and the company's directors were forced to call in the administrators when it couldn't afford to keep the business alive. Recovery specialists RSM Tenon are handling the administration and hope to find a buyer for Bristol as a going concern.