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GM recalls ATS, XTS and Impala for brake lamp fix

Cadillac's 2013 ATS and 2013 XTS and the 2014 Chevrolet Impala are being recalled by General Motors because of a potential problem with the brake lamps. The National Highway Traffic Safety Association reports that the brake lamps may "intermittently flash without the brakes being applied, and the cruise control may disengage." The report states this could cause a crash if the following driver isn't warned to adjust vehicle speed. The recall impacts 1,627 copies of the sedans, and comes just two months after the new Chevy Impalas began rolling off production lines.

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.

Lotus named lead marque for Goodwood

Lotus will take a place of pride as lead marque at June's Goodwood Festival of Speed, backed by an expected record attendance of more than 40 historic racing Lotus models. “Lotus is an incredibly important British car marque, and we plan to have maybe the greatest concentration of a single marque that we've ever had at the festival,” said Lord March, whose Goodwood historic house provides the backdrop for the four-day event beginning on June 28. Emerson Fittipaldi will be reunited with his championship-winning Lotus 72 and an early Lotus 7 race car, a type that many drivers--including British Le Mans legend Derek Bell--cut their teeth on in their formative years.