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BMW creates mini version of Art Car by artist Jeff Koons

Known for his whimsical sculptures, artist Jeff Koons is using his skills to create limited-edition BMW Miniature Art Cars instead of giant stainless-steel balloon animals. Famed artists such as Andy Warhol and Roy Lichtenstein have created their own BMW Art Cars, and Koons is just the latest in a line such works since Alexander Calder painted the first installment in the Art Car Collection in 1975 Adorned with bright streaks of color against a black background, the full-size vehicle competed in Le Mans in 2010. Miniature models are available now.

Honda Insight hybrid sticker price to start at $20,470

Honda has delivered on its promise of bringing the 2010 Insight to market priced less than the rival Toyota Prius. The new Honda hybrid will start at just $20,470 in base LX form, including shipping charges, which undercuts the Prius by $2,250. Insight LX models come standard with front-side and side-curtain airbags, ABS, automatic climate control and power windows.

Saab reportedly bought by Chinese-led consortium

A Chinese-controlled consortium has completed a deal to buy the assets of bankrupt Swedish carmaker Saab, media reports said. National Electric Vehicle Sweden (NEVS) will pay 1.5 billion to 1.8 billion kronor ($210 million to $250 million) for Saab, excluding spare parts company Saab Automobile Parts AB, according to reports in Sweden. NEVS did not confirm the reports.