California Set to Slash Lawmakers' Vehicle Costs in Half, No More Freebies

In an attempt to help reduce California's $26.6 billion deficit, the state's Citizens Compensation Commission has decided that members of the Senate and Assembly who drive state-sponsored vehicles will have their annual vehicle costs cut from $7,453 to $3,600. That boils down to $300 per month for expenses (gas, insurance, etc.), and oh, they'll have to drive their own cars as of December…

California lawmakers average an income of $131,000 per year before retirement benefits, and reducing vehicle costs is one minor cut that's being made for the betterment of the whole. Some people thought the measure was a bit too broad, not taking into account lawmakers' locations.

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Nissan to Show New Versa and a Motorsports Concept in New York, Infiniti to Announce New Addition to Range

One by one, automakers are revealing their plans for the upcoming 2011 New York International Auto Show. This time we have news from Nissan and its luxury division Infiniti. Starting with Nissan, the Japanese firm will debut a “new compact sedan” and a “new, zero emission motorsports concept”. While we have don’t have any information yet on the concept study, from what we know, the compact sedan will be the next generation of the Versa that was teased in an official sketch back in late 2010.

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Saved by Antonov: Saab Sells Production Facilities to Russian Banker to Get Cash

The Swedish government offered Saab conditional backing for a deal to free up cash for the company (see previous story here), whose production lines have been stopped for two weeks as Saab didn't pay suppliers. "We have decided to allow the Debt Office to conclude an agreement with Saab," said enterprise minister Maud Olofsson during a news conference on Friday.

The government has approved a proposal from the Debt Office to allow Saab to sell real estate, including the production plant, to Russian financier Vladimir Antonov and then lease it back from him. The minister said this deal would bring €30 million to Saab in the first phase, although the real estate was worth much more than that.

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VIDEO: Indian Daredevils and the Well of Death

The ‘circle of death’ is neither new nor shocking, but it’s one thing to see a professional stuntman who follows the necessary safety precautions doing it and another a group of gifted but nevertheless amateur daredevils going at it in a shoddy well made out of wooden planks with the crowd only inches away….

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It Came from eBay Hell: Porsche 959 Speedster Replica

In 1986, the Porsche 959 was the world’s fastest street legal product car. Some 337 of these road-going monsters were built but not one of them was a factory-finished convertible. Regardless of what you may have heard or seen on forums, such a vehicle was never sanctioned by Porsche. There was a one-off “Speedster” built by Auto-Becker for the 1989 Frankfurt Motor Show but that’s about it.

So is this done and dusted? Of course not; this is the internet we’re talking about. 959 Speedsters are sighted by Porsche enthusiasts as much as Elvis Presley or the Loch Ness monster. If you believe what you’ve read, these things are everywhere. And I do mean everywhere, even in New Zealand.

So our seller throws in the usual platitudes we’ve come to expect from this sort of posting like, “This is one very rare and special car,” and that it was “professionally built”.

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Saab Roller Coaster Continues as Cash Gets Tight

Saab just can't seem to catch a break. After moving from the General's formerly overcrowded pocket into the hands of Spyker, the once-quirky brand is now doing all it can to bring production back online after failing to pay suppliers.

The gist is this: Saab received 400 million Euros (~$580 million) from the European Investment Bank so it could keep on ticking. Sweden guaranteed the loan, meaning whatever Spyker's resolution calls for must get the go-ahead from the Man.

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Fiat Crafts Furniture Pieces Inspired by the Original 500

At this week’s 50th Furniture Fair in Milan, Italy, Fiat previewed the “Fiat 500 Design Collection”, an initiative by the firm’s marketing boss Lapo Elkann and furniture maker Meritalia. The collection is a tribute to the original Fiat 500 and includes a sofa, a table and a console, all inspired by the 1970's Fiat 500. Each of the three pieces sports a plate that says: “Lapo and Meritalia pay tribute to the Fiat 500”. Read more »

SpeedART’s Porsche Cayenne Titan EVO-XL 600 goes on Sale

If you’re been unimpressed by the second generation of the Porsche Cayenne so far, no need to worry as Stuttgart's SUV has gathered heaps of aftermarket attention in Europe. Following an announcement earlier this year, longtime Porsche tuning house SpeedART has launched a performance package for the latest Cayenne, dubbed the EVO-XL 600.

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