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General Motors spending $131 million to upgrade Corvette plant

General Motors is spending $131 million on its Bowling Green, Ky., assembly plant to prepare it to build the next-generation Corvette. The plant will spend the money on manufacturing equipment, specialized tooling and plant updates, said Mark Reuss, GM's president of North America. The plant will add about 250 jobs, which will boost its workforce by about 50 percent, to about 750 workers.

Porsche Panamera Sport Turismo on the move (video)

As a clear sign that the Porsche Panamera Sport Turismo is heading for production, we have a new video of the Sport Turismo in detail. That view is reinforced with the arrival from Porsche of video of the Panamera Sport Turismo on the move and input from a pair of talking heads – Advanced Design Style man Mitja Borkert and Michael Mauer, head of the Porsche Design Studio – giving us an insight in to the thinking behind the Sport Turismo. ‘Good design is important, because everyone loves beautiful things’, says Mitja Borkert, although some would say that function has been more important than form for Porsche in the past.

Spyker makes a new offer for Saab; General Motors will evaluate

Spyker Cars said Sunday it had submitted a new offer for the Saab brand. Spyker CEO Victor Muller said an 11-point proposal had been handed to General Motors addressing each of the issues that arose during due diligence after the Dutch company originally bid for Saab. Muller said the new offer would remove the obstacles that were standing in the way of a swift sale of Saab to Spyker.