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As expected, the Porsche supervisory board has approved the development of the 918 Spyder concept into a series production model. The 918 debuted as a concept at this year's Geneva Motor Show with a plug-in hybrid powertrain claimed to provide 78 miles per gallon.

There's a new automotive segment being born as we speak. Previewed by the Porsche Panamera, Aston Martin Rapide and BMW 5-Series Gran Turismo, modern four-door sportback sedans combine the functionality of a hatchback with seating for four or five, all wrapped in a shapely, sleek package. Audi previewed its own offering at the 2009 Detroit Auto Show by way of the Sportback concept, and now the production model has officially been unveiled in Munich.

Ah, the magic of the interwebs. Chrysler has yet to officially reveal the 2012 Dodge Durango (which could yet be birthed under the name Magnum), but we've come across this rather nonchalant camera phone photo taken by one of the Twitterati.

General Motors has just announced its intent to acquire AmeriCredit Corp. According to the automaker, the move should give dealers an added finance option when it comes to putting car shoppers into a new vehicle. Since GM and GMAC parted ways back in 2006, buyers looking to purchase a car or truck from The General have faced tougher financing terms than in the past. Supposedly, the new deal with AmeriCredit will provide new opportunities for sub-prime borrowers. The total cost of the deal? A cool $3.5 billion in straight cash.

Back in February, The National Highway Traffic Safety Administration initiated an investigation of 749,685 2009 and 2010 model year Corolla and Matrix vehicles for a potential steering issue. And while we haven't heard much from the government agency regarding this issue, the Detroit Free Press reports that Toyota has indicated that the problem is not a safety defect and thus doesn't warrant a recall. Instead, the automaker will provide a free fix to customers who claim to have an issue.