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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.

Volvo V60 Plug-in Hybrid: Production underway

The world’s first production plug-in diesel hybrid – the Volvo V60 Plug-in Hybrid – has gone in to production ahead of customer deliveries. Volvo are producing just 1,000 2013 V60 plug-ins, but are aiming to up production to between 4-6,000 a year from the 2014 model year and, despite the problems of integrating the V60′s complicated electric stuff in to a production car, the V60 plug-in is rolling down the same production line as the regular V60, V70, S80 and XC90. That complicated stuff includes two different powertrains and a battery pack – enough for up to 32 miles as an EV only – and a total of 300 additional parts compared to a regular ICE V60.

Koenigsegg backs out of deal to buy Saab

Swedish exotic-car maker Koenigsegg Group has canceled plans to buy Saab from General Motors. GM announced that the deal was off on Tuesday and gave no reason why the deal fell apart, nor did the automaker say what would happen to Saab. In a statement, GM CEO Fritz Henderson said: "We're obviously very disappointed with the decision to pull out of the Saab purchase.