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Watch Tesla Model S testing new titanium armor

In a missive signed by Elon Musk himself, Tesla announced it would be adding titanium plates and aluminum deflectors to all new Model S sedans and offering free retrofits for the 20,000 or so existing EVs. The company earlier offered an over-the-air software update to raise the ground clearance of the Model S so the car would be more likely to clear dangerous road debris. The actions were in response to well-publicized fires in the electric luxury sedans.

U.S. equity firm to invest $70 million in Saab

Race-car fan and private-equity executive Alex Mascioli is pumping $70 million into Saab as the Swedish automaker works to stay afloat. Mascioli's firm, North Street Capitol, is buying $10 million in shares of Swedish Automobile, which owns Saab, and is also giving the company a $60 million loan to pay for the carmaker's reorganization. U.S.-based North Street Capital struck a deal in September to buy the Spyker sports-car business from Swedish Automobile for $44 million.

Michelin Announces Finalists for 2011 Challenge Design Competition

The following designers' vehicle concepts will be displayed in the Michelin Challenge Design exhibit from January 10-23, 2011: Colin Pan, China Sang-June Lee, Kyung-Kuk Kim, Seoung-Bin Lee, South Korea 2:1 Industrial Design Team, Brazil Ramon Ramirez, Mexico Carlos Arturo Torres, Colombia Hui Wang, China Sergio Andres Ortiz, Colombia Lukas Kuba, Czech Republic Gunwoong Kim & Suji Kim, South Korea Attila Tari, Hungary Sadegh Samakoush Darounkolayi, Afghanistan Kyu-Hyun Lee, Sol Lee, Hae-Won Jo, South Korea David Cardoso Loureiro, Belgium Ralph Tayler-Webb, United Kingdom Antti Eskeli, Finland Kyoung Soo Na, South Korea Federico Beltran, Ivan Orozco, Edmundo Platt, Mexico Eduard Gray, Sweden Cristian Armando Polanco Sosa, Guatemala Artem Afanasev & Aleksey Kazakov , Russia Shinsuke Aizawa, Japan Jordie Lewis, Canada Xiaowu Huang, China Zhi Min Lin, China Pai-Ching Hu, Taiwan Peixin Li, China Mike Simonian, Maaike Evers, Laure Garreau, USA Gabriel Wartofsky, USA Dario Alejandro Narvaez, Colombia Andrey Alekseev, Russia Marko Lukovic, Serbia Mohammad Ghezel, Iran Hugo Carlos Fernandez, Spain Thierry Dumaine, France We'll bring you more on the finalists' work when we see them on display at the NAIAS next week. But in the meantime, if you'd like to have a chance to see your design shown at the NAIAS next year, enter the 2012 Michelin Challenge Design competition. Pre-registration for the 2012 competition is open until 4 March 2011. Visit the competition website by clicking on the link below: Michelin Challenge Design 2012 Related Articles: Michelin launches 2012 Challenge Design competition Four CCS students win awards in 22nd annual Michelin/CCS competition