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Saab seeks partner for new small car, aims to be a contract manufacturer

Saab is continuing its search for a partner to help it build a new entry-level car and the company also wants to build vehicles for other automakers at its factory in Sweden, Chairman Victor Muller said. "We are talking with other manufacturers to buy a platform or drivetrain technology for this entry-level car," Muller told Automotive News Europe. "It should come as soon as possible, in 2014 the earliest." Muller said the car would be priced at about 20,000 euros, or about $28,300 at current exchange rates.

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.

Fast and Furious star Paul Walker dead at 40

According to numerous reports, Fast and Furious star Paul Walker has been killed in a single-car crash that took place in a Southern California office park. Conflicting eyewitness reports suggest that Walker was either driving, or was a passenger in a Porsche Carrera GT when it struck a tree and burst into flames killing Walker and a passenger.