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Saab 9-3: is this the new 2013 hatch?

Is this the new Saab 9-3? Contained in Saab's business plan submitted to the Swedish National Debt Office was this grainy image of what purports to be the new 2013 9-3. If it is indeed a model of the finished 9-3, then it shows that the 2011 Phoenix concept car was influential in guiding what should become Saab's best-seller.

Lazzarini Design creates Ferrari-powered Fiat 500

If you saw the Fiat Abarth 659 Tributo Maserati car and thought to yourself, “That's just not enough razzle-dazzle,” then maybe this will strike your speed-seeking fancy. It's a Fiat 500 powered by one of the best engines in the world—the 4.5-liter V8 from the Ferrari Italia. Lazzarini Design came up with the concept, and the company says it's waiting for an investor with $550,000 burning a hole in his or her pocket to give building one a shot.

Porsche reports big drop in sales

Well, it’s not exactly a surprise, given the doom and gloom in the industry at the moment, but Porsche has just reported a 27% drop in sales, down to 34,000 units, over the last six months. As you would expect, some models fared worse than others. The recently updated Porsche 911, which has had mid-cycle tweaks including the new PDK ‘box, held up pretty well.