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Fiat 500 UK Charity boost

One of the Fiat 500s donated by Fiat and decorated by Damian Hirst which were auctioned for the ARK Charity Over the course of a couple of days this week six Fiat 500s have been donated by Fiat for charity auctions and raised almost £500,000 in to the process. Which, cute and interesting as the Fiat 500 is, does sound rather a lot. After all, even the new Fiat 500C retails (in pop spec) at just over £11k.

Swedish sports-car maker Koenigsegg may buy Saab

General Motors has chosen Swedish luxury sports car maker Koenigsegg Automotive AB as the preferred bidder for the Saab brand, news reports said. Koenigsegg and Norwegian investors have signed a letter of intent to take over Saab, Swedish television said Thursday, attributing its report to unnamed sources. "The deal is there now and a few minor details remain," a source told Reuters.

Nissan and PlayStation to grow gamer-to-racer program for 2012

Nissan and PlayStation will hold their fourth GT Academy in 2012. The program trains gamers to race real cars competitively and will expand to include the United States, Russia, Germany and Europe. This year's contest will start on May 1 and remains open until June 24.