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The Boss is back: Iconic Ford Mustang reborn

WITH VIDEO--Soon to be thundering down an open road near you is the resurrected Ford Mustang Boss 302. Based on the 5.0-liter Mustang GT, the 2012 version of the muscle-car classic was revealed on Friday at Laguna Seca, where Parnelli Jones won the 1970 Trans-Am season opener in a Boss 302. The new Mustang builds on the iconic Bosses famous for their looks and performance in the late '60s and early '70s.

Saab signs deal with second China partner

Saab has agreed to China's Zhejiang Youngman Lotus Automobile Co. taking an equity stake in the company as part of a distribution and manufacturing joint venture. Saab and its owner Spyker Cars NV signed a deal with Chinese car distributor Pang Da in May worth up to 110 million euros that involved setting up a joint venture with Spyker and a partner in China to start making Saabs in China within two years.

Saleen Soap Opera: New cars, new lawsuit--so what's new?

Saleen, the famous--or infamous--performance brand, lives. The company's new owners plan to roll out two hot Mustangs in the coming nine months, but not if the brand's namesake and founder can prevent it. Steve Saleen, who gave up control of Saleen Inc.