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Florida man claims ownership of long-lost Cunningham Corvette

A Florida man says the long-lost 1960 Chevrolet Corvette race car that made a brief public appearance in Carlisle, Pa., last week was owned and raced by his father in the 1970s, and claims the car belongs to him. The challenged ownership of the maroon-colored car--one of three raced in the 1960 24 Hours of Le Mans by Briggs Cunningham and valued by some collectors at more than $1 million--could be the reason organizers of the Corvettes at Carlisle show canceled a planned public display on Aug. 24 less than 30 minutes before the scheduled start time.

Tesla recalls Roadster for short in power cable, fire risk

Tesla Motors is recalling its electric Roadster 2.0 and 2.5 models because a power cable may short and catch fire. The 12-volt cable, located behind the right-front headlight, could rub against the carbon-fiber paneling causing the cable to short, begin smoking and possibly catch fire, Tesla said. The cable is part of a backup system that powers the headlights, taillights, turn signals and airbags if the primary 12-volt cable fails.

Saab shutdown would doom new 9-5, 9-3 models

The new Saab 9-5 sedan and a proposed replacement for the 9-3 will be killed off if General Motors Co. winds down its Swedish subsidiary, AutoWeek has learned. The new 9-5, a longer-wheelbase version of the Opel Insignia and the Buick Regal, is poised to go down in the annals of automotive history as a major rarity--a design that was fully tooled for production yet never got built.