I. Popular Mechanics tested a perforated vinyl vehicle wrap that’s supposed to improve gas mileage. The fuel economy miracle cure is called Fastskinz and employs hundreds of five millimeter-diameter holes to improve airflow. What’d they find out? It doesn’t work. [Autoblog]

II. COYS is auctioning a LeMans class-winning Porsche 906 at Brands Hatch on May 23. The little Porsche won its class at the 1966 race and can be yours for the better part of a million bucks. [PistonHeads]

III. Ferrari threatened to quit F1 if the FIA carries out its proposal to put a £40 million budget cap in the rules for next year. Basically, the boys at Scuderia Ferrari know that if the budget cap is imposed they won’t be able to do anywhere near as much as they do now. We think the FIA should just forget it. [0-60]

IV. The guy who brought Saab to prominence as a luxury brand died Sunday in Santa Barbara, California. Bob Sinclair worked for both Saab and Volvo between 1958 and 1991, and was responsible for such gems as the Saab 900 convertible. Our condolences go to his family. [Autoweek]

V. Tesla Motors reportedly has 1,000 orders for its new four-door electric, the Model S. You can reserve one for a fully-refundable 5,000 bucks, but Tesla hasn’t said when the first cars will be available. Following in the footsteps of the Tesla roadster, the Model S is performance-oriented and will hit 60 in 5.6 seconds. [WCF]