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VW Phaeton returning to America as early as 2018

Though the Volkswagen Phaeton -- the brand's range-topping, understated luxury sedan -- disappeared from the United States market in 2006, never actually died. The tech-laden luxobarge is still offered overseas, and it has seen a number of revisions and updates since it was last offered here. Of course, much more has changed since 2006 than the Phaeton's front fascia.

Troubled Nurburgring race track finds buyer

Rex The legendary Nurburgring race track in Germany is set to be bought out by a consortium led by private investment group HIG capital, it emerged on Friday. The circuit has been burdened with enormous debts, went into administration in 2012, and has been looking for a new owner since last spring. HIG’s move will hopefully allay fears of car enthusiasts around the world, who visit the historic 13-mile track in droves to test the limits of both their car’s handling and their own skill.

Saab says asset sale to BAIC gives it cash for a fresh start

Saab believes that a deal to sell some key assets to Beijing Automotive Industry Holdings Co. will help secure the money-losing automaker's future. "The money will finance the new Saab and contribute to a good start under new ownership," Saab spokeswoman Gunilla Gustavs said without revealing financial details of the deal.