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Ford invests $1 million in teen-driving program

The Ford Motor Co. Fund is investing an additional $1 million into its no-charge driving-skills program for teenagers, the automaker said on Tuesday. More than 3,000 Americans between the ages of 15 and 19 are killed in crashes each year, according to government statistics.

Saab secures more funds as it seeks to avert collapse

Saab parent Swedish Automobiles has found another financial lifeline in China as the struggling carmaker faces possible legal action from unions over unpaid wages. In a statement this morning, Swedish Automobiles announced that an un-named Chinese firm has placed an order for 582 Saab vehicles, valued at 13 million Euro (£11.5m) with full pre-payment 'expected to be made this week'.  Saab plans to use the funds to pay wages and begin partial payments to component suppliers in order to restart production. Saab's financial crisis: the current situation.

More Power! Get the details on the potent Porsche 911 GT3 RS 4.0

Porsche has ramped up the already heady performance of the 911 GT3 RS through the adoption of a new, naturally aspirated 4.0-liter version of the company's sturdy, horizontally opposed flat six-cylinder engine. The unit kicks out 50 hp more than the 3.8-liter six-cylinder used in the existing 911 GT3 RS. This mill claims 500 hp at 8,250 rpm, a figure which makes the speedster the most powerful naturally aspirated road-going version of the 911 ever.