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Infiniti Q50 channels its inner Formula One

The Infiniti Q50 Eau Rouge concept bowed at the Detroit auto show on Monday. This is the same F1-Spa-Francorchamps-inspired sedan that the company teased early in December. It's purely a concept for now, and therefore only has a hypothetical powerplant.

Saab: China’s Pang Da & Youngman to invest $7.5 billion. UPDATED

Saab: China to invest $7.5 billion Update: We have now been told by Saab that Pang Da and Youngman are to provide €50 million immediately and €600 million for short to medium finance. Funding for the revised business plan and provide long-term financial stability the new Chinese owners have also budgeted funding for the planned expansion of Saab Automobile’s portfolio and additional operations to be set up in China There will be a reduction of 500 in the employee numbers. Sales targets for 2012 of 35-55,000 cars and 2013 of 75-85,00 and long-term of 200,000 cars a year Interestingly, Saab says that ‘Saab Automobile has not received the funds from Pang Da and Youngman that have been committed for today.’ Oh, well. Although the deal which will see Saab sold to China’s Youngman and Pang Da is still subject to a raft of approvals – Swedish Debt Office, EIB, GM, Chinese Government… – it seems the Chinese have big plans to invest up to $7.5 billion in Saab in the coming years.

2010 Devon GTX shown at Pebble Beach concours

The 2010 Devon GTX, a 650-hp supercar from California design house Devon Motorworks, was shown Saturday at the Pebble Beach Concours d'Elegance. The speed demon will cost $500,000 and go on sale in the first quarter of next year. Just 36 cars will be produced per year by the company.