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Porsche is developing a new four-cylinder engine set to power entry-level model

High-ranking officials at Porsche's Weissach research and development center in Germany have confirmed that engineering work is progressing on a four-cylinder horizontally opposed gasoline engine, details of which were first revealed by Autoweek earlier this year. The new boxer unit--which is earmarked to power a new mid-engine, entry-level model that insiders describe as a spiritual successor to the iconic 550 Spyder--looks set to become an integral part of Porsche's future model plans. Insiders suggest it will also be offered on the third-generation Boxster and the second-generation Cayman later on in their respective model cycles.

2014 Mazda 3 five-door revealed

Mazda has gained a fair amount of traction with its fuel-efficient Skyactiv technology, which was first fully implemented in production on the CX-5 compact crossover, followed by the 2014 Mazda 6 midsize sedan. However, unlike the CX-5 and 6, the Mazda 3, the company's best-selling vehicle, only enjoyed a mild Skyactiv makeover for the 2012 model year with the 2.0-liter Skyactiv engine and transmissions being made available on the second-generation model. This meant the 3 would have to wait until an all-new generation debuted to enjoy the entire suite of Skyactiv equipment, including the lighter-weight chassis, body and suspension.

Most of Saleen sold to Michigan group

The future of specialty carmaker Saleen Inc. is getting a little clearer: Most of the company was sold to a Michigan group last week after being on the block since November. An entity called MJ Acquisitions, which owns parts and engine companies in Michigan, bought Saleen’s performance street-car program, supercharger and aftermarket business from Los Angeles private-investment firm Hancock Park Associates.