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Spied: The 2012 Volkswagen New Beetle looks a bit squished

Volkswagen's upcoming onslaught of new products includes a redesign for the New Beetle. The new New Beetle is expected to arrive in 2011 as a 2012 model, with a convertible version set to arrive a year after the coupe. Recent spy photographs of a prototype being tested on public roads in Europe show that the 2012 New Beetle has a roofline that has less arch than the current model.

Update: Google self-driving car is really just a transportation pod

Google will launch its own fleet of autonomous vehicle prototypes – with no steering wheels and no gas or brake pedals – as the technology giant begins a new phase of its self-driving car project. Google designed the car and plans to have about 100 test vehicles that are fully autonomous with extra safety features, company co-founder Sergey Brin said during a conference Tuesday hosted by technology blog Re/code in Rancho Palos Verdes, Calif. > See how Google's autonomous car navigates city streets here The New York Times reported Tuesday night that a Detroit-area manufacturer is building the cars for Google, which declined to name the manufacturer, according to the Times' story.

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.