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Who's Where: Martin Smith joins Ford Europe design team

Martin Smith has been appointed as Executive Director of Design at Ford Europe. Smith, a native of Sheffield, England, brings a wealth of design experience to Ford, having held positions at Porsche, Audi, and most recently as Director of Design for Opel/Vauxhall. In his new position, he will report to product development chief, Derrick Kuzak and to Ford's global group vice president for Design, J Mays.

Video: Classic Car TV looks at Pebble Beach and the Triumph Spitfire

If you haven't yet seen an episode of Classic Car TV, this new production from the car nuts at Hagerty Insurance provides a weekly rundown of news, events and fun stuff in the world of old rides. The show is still in its infancy, but as this second episode proves, it's starting to find a rhythm. Here, Matt Richmond and the gang take a closer look at some of the auction results and concours cars from Pebble Beach.

Koenigsegg backs out of deal to buy Saab

Swedish exotic-car maker Koenigsegg Group has canceled plans to buy Saab from General Motors. GM announced that the deal was off on Tuesday and gave no reason why the deal fell apart, nor did the automaker say what would happen to Saab. In a statement, GM CEO Fritz Henderson said: "We're obviously very disappointed with the decision to pull out of the Saab purchase.