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Tis the season

It's time to once again show the world your giving spirit. The annual Championship Auto Racing Auxiliary (CARA) auction of racing items—cool stuff gathered during the 2012 racing season—is underway. The CARA auction is run in association with Autoweek and can be found here, at autoweek.com.

Volkswagen Passat drops United States model when new sedan debuts

Volkswagen probably will drop the Passat sedan and wagon in 2011 when VW's new U.S.-built mid-sized four-door is expected to go on sale. "We are looking at it in detail," Stefan Jacoby, VW Group of America CEO, said this month at a press event here. The U.S.-built sedan, which has yet to be named, will be larger than the Passat but priced lower.

Saab gets small payment from Youngman after yesterday’s ‘misunderstanding’

Saab gets a small payment from Youngman What on earth are we going to do once the Saab Saga is resolved? The machinations and misunderstandings surrounding Victor Muller’s increasingly desperate quest to keep Saab alive has probably provided more stories than almost anything else this year. Yesterday’s Saab episode surrounded Pangda Chairman Pang Qinghua stating that the Saab deal was no longer valid since Saab went in to court protection in Sweden, raising the prospect of one of Saab’s creditors pushing the bankruptcy button rather swiftly.