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Maserati announces names of new saloon, SUV at Paris

Maserati announced the names of three of its forthcoming new cars at the 2012 Paris motor show. From 2013, Fiat's upmarket sports luxury wing will finally launch a barrage of new product to overcome worries it's just producing endless versions of its existing range. The new Maserati Quattroporte will be launched at the 2013 Detroit auto show in January.

Saab says it will restart production after securing short-term loan

Saab aims to restart production within a week after its owner, Spyker Cars, secured a 30 million euro ($44.7 million) short-term loan to help ease its cash crunch. Spyker said it will borrow the money from Gemini Investment Fund in a convertible loan agreement with a 6-month maturity. The interest rate of the loan is 7 percent a year and the conversion price is 4.88 euros per share.

Chevrolet Mi-ray concept

Making its debut at the Seoul Motor Show is the Chevrolet Mi-ray. The Mi-ray, which takes its name from the Korean for future, is a hybrid sports car that is the first concept car from the Korean arm of GM. Which, considering its name, aptly represents the future of the brand as well as the ‘future of muscle cars.' Said to take influence from past Detroit legends such as the 1963 Monza SS and Corvair Super Spyder, the Mi-ray features a pleathora of sporting influences, making its intentions clear.