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Saab gets latest lifeline via $5 million infusion from Chinese company

Saab has been on the edge of collapse since a cash shortage early this year forced it to halt production. Now Automotive News reports that a last-minute payment from China's Zhejiang Youngman Lotus Automobile has given the Swedish carmaker yet another shot. Youngman wants to get a stake in Saab and has taken the first step by giving the company $5 million to cover tax expenses, with another $26.43 million forthcoming for unpaid salaries and $13.18 million more before the end of December.

Shelby raffles off last 50th-anniversary Cobra

Shelby is celebrating its 50th anniversary in style, first at the Detroit auto show with a few black-and-gold Shelby Mustangs, and now at the Barrett-Jackson auction in Arizona with the last example of the 50th-anniversary Shelby Cobra. The car won't be sold to the highest bidder though; it will be raffled. Tickets cost $25 apiece or five for $100.

Kia’s ‘Stunning Sports Car Concept’ gets a name – it’s the Kia GT4 Stinger

Kia’s ‘Stunning Sports Car Concept’ is the Kia GT4 Stinger Just before Christmas, Kia revealed the first teaser photo – a birds-eye view – of a new concept they’re taking to the Detroit Auto Show later this month, which they described as a stunning sports concept, but gave us absolutely nothing else. We did hope it may be something that points towards a proper performance Kia, although we half expected it to turn out to be a 3-pot city runaround. But actually, it looks quite promising.