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Saab says it will restart production after securing short-term loan

Saab aims to restart production within a week after its owner, Spyker Cars, secured a 30 million euro ($44.7 million) short-term loan to help ease its cash crunch. Spyker said it will borrow the money from Gemini Investment Fund in a convertible loan agreement with a 6-month maturity. The interest rate of the loan is 7 percent a year and the conversion price is 4.88 euros per share.

Labour calls for ban on in-car smoking with children

Labour has called for a ban on smoking in cars when carrying children as passengers. The proposal, as part of an amendment to the Children’s and Families Bill, will go before the House of Lords on Wednesday. On Bing: see pictures of smoking drivers Ban smoking in cars with kids?

Shelby brings back ‘Shelby American' name for performance-car business

Carroll Shelby's performance-car business is returning to its roots. Shelby Automobiles is changing its name to Shelby American--the original banner used by his sports-car business and the historic Le Mans-winning cars in the 1960s. Shelby says the switch is in honor of the 45th anniversary of two of his most famous cars, the 427 Cobra and the Ford Mustang Shelby GT350.