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Home of NAIAS to be updated

The spiritual home of the NAIAS is set to be rejuvenated. The Cobo center in Detroit, home of the North American International Auto Show for over 24 years, is part of a $221 million project that will see it extended and renovated extensively. The Detroit Regional Convention Facility Authority have announced that many of the improvements to the Cobo center will be ready for the 2012 NAIAS, although the project is unlikely to be finished until 2014.

Mitsubishi Mirage, Concept PX-MiEV II (2011) news

Mitsubishi will show the Mirage city car and Concept PX-MiEV II concept cars at the 2011 Tokyo motor show, which opens on 30 November. Both are world premieres. It's our first look at Mitsubishi's new city car in production trim and a concept car which clearly points to 2012's new Outlander.

Saab gets latest lifeline via $5 million infusion from Chinese company

Saab has been on the edge of collapse since a cash shortage early this year forced it to halt production. Now Automotive News reports that a last-minute payment from China's Zhejiang Youngman Lotus Automobile has given the Swedish carmaker yet another shot. Youngman wants to get a stake in Saab and has taken the first step by giving the company $5 million to cover tax expenses, with another $26.43 million forthcoming for unpaid salaries and $13.18 million more before the end of December.