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Saab sold to Spyker

General Motors' Saab division won't end up on the postbankruptcy scrap heap with Pontiac and Saturn. Just as Saab's death appeared imminent, the Swedish automaker was scooped up on Tuesday by Dutch supercar-maker Spyker Cars in a $74 million deal that has been in works for months. The deal is expected to close on Feb.

Honda reveals ‘Forza’ design contest winner in Chicago

Honda teamed up with “Forza Motorsport” to reveal the winning entry in the “Forza Motorsport” Civic Si Design Contest at the 2014 Chicago Auto Show on Friday. The winner was Tiffany Labedz of Phoenix, who beat out 17,000 other members of the Xbox “Forza” community. "At Honda, we love meeting our customers where their passion lies, and the racing and custom car design in ‘Forza Motorsport’ is definitely a passion for so many Honda and Civic enthusiasts," said Tom Peyton, Honda’s assistant vice president of advertising.

Porsche names new motorsports chief for North America

Jens Walther has been named president and CEO of Porsche Motorsport North America, the automaker said Friday. Walther, 41, will take over for Paul Ritchie, who has retired. Walther managed Porsche’s One-Make Cup program before his appointment.