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Chevrolet Camaro ZL1 gets $54,995 base price

The high-performance Chevrolet Camaro ZL1 will carry a base sticker price of $54,995 including shipping charges when it goes on sale next spring as a 2012 model. That's more than double the sticker price of a base 2012 Camaro coupe, which starts at $24,100 including shipping charges, and more than a base 2012 Chevrolet Corvette coupe, which starts at $50,500. The 2012 Camaro ZL1 packs a supercharged 6.2-liter V8 rated at 580 hp and 556 lb-ft of torque.

Porsche opens new Weissach design studio

Porsche has officially opened its new design center. Located at its Weissach development center, the facility includes interior and exterior design departments, plus a dedicated area for concept car construction. According to Porsche chairman, Matthias Müller, the architecture of the new studio has been designed to allow the firm's "creative developers to work hand-in-hand even more methodically than before." The new design center is one of three new buildings opened at the site, which have been built as part of a $200million investment at Weissach.

SAIC Roewe W5

Previewed by the Roewe W5 Concept unveiled at the 2011 Shanghai motor show, SAIC's new SUV derived its styling from the Ssangyong Kyron, which was reworked by Ma Zhengkun (Ken Ma)'s design team. Measuring 4676mm long, 1888mm wide and 1765mm tall, the new car is similar in size to the Toyota Highlander. SAIC is calling the new vehicle a ‘cross-specialty SUV'.