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This is the next Ferrari California T

Ferrari revealed the California T on Wednesday, its next-generation front-engine convertible, prior to March's Geneva motor show debut. The company teased the vehicle last week. Details are scarce right now, but Ferrari says the T again has a retractable hardtop (it lowers in 14 seconds), boasts a new turbocharged V8 making 552 hp and 556 lb-ft of torque—Ferrari hasn't had a turbocharged production car since the legendary F40.

Chinese bank may join Saab rescue deal

Saab's owner, Swedish Automobile, said on Monday it is discussions with a bank in China and Chinese automaker Zhejiang Youngman Lotus Automobile over a rescue deal for Saab. Reports had said on Sunday that the Bank of China would replace China's Pang Da as an investor in Saab, which is under bankruptcy protection. Swedish Automobile confirmed Monday that it is talking with Youngman and a bank in China about an equity interest, but did not name the bank.

IDSA's 3D-printed car design contest gets underway

Aspiring designers have the chance to see their 3D-printed car designs launched down a miniature model of a ski jump and crash in the Launch Day 2013 competition due to take place at the 2013 IDSA conference, which runs from 21-24 August. Up to five designs can be entered for free until 12 August in the competition, organized by The Industrial Designers Society of America. All submissions will then be judged for both aesthetics and for "using unique attributes of 3D printing" which will whittle them down to just 10 designs that will be printed before the launch.