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Hyundai Equus price starts at $58,900

The 2011 Hyundai Equus sedan--the flagship of the Korean automaker's growing lineup--gets a base sticker price of $58,900, including shipping charges. That base price is for the Equus Signature trim level. There also is an Equus Ultimate trim that includes niceties such as reclining rear seats, an entertainment system and a refrigerator in the rear console--priced at $65,400.

Porsche Cayenne and Panamera production temporarily stops

Porsche stopped production today at its assembly plant in Leipzig, Germany, after floods in the region disrupted supplies. The factory builds the Cayenne SUV and Panamera sedan for global markets, including the United States. Porsche told workers on today's early shift not to come into work after floods in the Czech Republic halted supply of Cayenne bodies.

Saab says asset sale to BAIC gives it cash for a fresh start

Saab believes that a deal to sell some key assets to Beijing Automotive Industry Holdings Co. will help secure the money-losing automaker's future. "The money will finance the new Saab and contribute to a good start under new ownership," Saab spokeswoman Gunilla Gustavs said without revealing financial details of the deal.