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GM may extend Saab deadline, report says

General Motors is prepared to wait beyond the end of this week before deciding on the future of Saab as it reviews remaining bids, Bloomberg News reported. The news agency quoted Saab board member Paul Aakerlund as saying that if there is a bid that GM finds sufficiently interesting, then GM's Dec. 31 decision to wind down its Swedish unit "is not a date that's holy.” Aakerlund said GM told Saab last week that it would wind down Saab and simultaneously continue talks with bidders about a sale, said Aakerlund, who also heads the IF Metall union at Saab.

General Motors to invest more than $850 million to build new V8s

General Motors Co. said Tuesday it will invest more than $850 million to upgrade five North American factories to make its next-generation V8 engines more fuel efficient. The new V8s will differ from the current versions by using direct injection and a new combustion system, spokeswoman Sharon Basel said.

Porsche 918 Spyder races toward production

OK, let's put the usual arguments to rest first: The Porsche 918 Spyder is going to be even faster than the Carrera GT in a straight line. That's based on Porsche's own computer simulations in anticipation of the production version of the gasoline-electric-powered 918 Spyder, which is due to roll off a dedicated line within a decommissioned paint shop at Porsche's Zuffenhausen, Germany, headquarters next year. The claimed 0-to-62-mph time is 2.8 seconds; 0-to-124 mph is 8.9 seconds, and top speed should be about 202 mph, thanks in part to series of active aerodynamic functions, including a multistage rear wing.