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New Lamborghini Gallardo teased (video)

A new Lamborghini Gallardo is being teased on video ahead of a debut at the 2012 Paris Motor Show. Lamborghini made a promise that it would bring a new car to every major motor show, and the 2012 Paris Motor Show is most definitely a ‘major’ motor show. So we’ve been looking out for what Lamborghini were going to do for Paris 2012, and we were hoping it might be something really special, like the much anticipated hypercar to take on the new Ferrari F70 (which we originally thought would be the Urus until Lamborghini used that for their SUV).

Bankruptcy looms for cash-starved Saab

The future is growing dim for Saab. Reports from Europe say the Swedish courts might soon declare Saab bankrupt--possibly as soon as Wednesday--because the company is out of cash. Saab recently won court protection from its creditors while it waited for funds.

GM considers CVTs for small cars

General Motors Co., aiming to give its small cars a sales edge, may introduce continuously variable transmissions to deliver better fuel economy, executives say. GM doesn't use CVTs now. But they could be used on models such as the Chevrolet Spark, Aveo and Cruze in the next three years, said Mike Arcamone, CEO of GM Daewoo Auto & Technology.