850 Articles
Oct 31, 2011 Official
Saab's Chinese buyers commit over $850M in long-term funding

Saab may have finally been saved last week when Chinese companies Pang Da Automobile Trade Co. and Zhejiang Youngman Lotus Automobile Co. agreed to buy the Swedish automaker, thus providing some much-needed short- and long-term financing. Pang Da and Youngman purchased Saab for 100 million euros ($142M USD) and they are offering up a €50 million ($70M) bridge

Steven J. Ewing
Oct 31, 2011 Official
Refreshed 2012 Mitsubishi Shogun rocks up

For those of you outside of the United States, Mitsubishi has let loose the goods on the 2012 Shogun (formerly pronounced "Montero" in North America). It is mainly a matter of detail tweaks, with a bolder, shinier, redesigned front and new items like the six-spoke, 18-inch alloy wheels and black roof rails. The turbodiesel engine is Euro V compliant, but it posts the same 197 horsepower

Jonathon Ramsey
Oct 31, 2011 Report
Tokai University wins 1,860-mile World Solar Challenge for second year in a row

Fro the second year in a row, Tokai University can lay claim to the winner's laurels in the 2011 Veolia World Solar Challenge, a sun-powered race challenge in Australia that winds over 1,800 miles between Darwin and Adelaide using only 5 kWh of on-board energy and the rest beamed in directly from the sun. As the race's website says, "These are arguably the most efficient electric vehicles."

Sebastian Blanco
Oct 31, 2011 Report
VW CEO Winterkorn happy with rebounding Seat, Skoda

Martin Winterkorn is a happy man: Volkswagen is putting up big numbers in North America, its latest field of dreams, Audi, is breaking records every month, there are exciting cars in the pipeline – from Bugatti down to the XL1, Porsche's digestion continues, and now Skoda and especially Jonathon Ramsey

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