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Mercedes SLS Electric Drive (2013) sets new Nürburgring lap record

The Mercedes SLS AMG Electric Drive has smashed the Nürburgring lap record for electric cars, posting a 7min 56.234sec time. The previous record holder was the Audi R8 E-tron, which lapped the Nordschleife in 8min 9.099sec in July 2012. Electric Mercedes beats Audi?

Audi win at Le Mans – again

Audi has not only won at the 2012 Le Mans 24 Hour, but they’ve taken 2nd, 3rd and 5th places too in the diesel hybrid R18 e-Tron. It’s a huge achievement to win at Le Mans, so hats off – yet again - to the incredible Audi team with another stunning win at Le Mans – the 11th time in the last thirteen years - and for their 2nd, 3rd and 5th place too. The winning Audi R18 e-Tron was the first hybrid car to win at Le Mans and was brilliantly driven by Marcel Fässler (Swiss), André Lotterer (German) and Benoît Tréluyer (French).

U.S. equity firm to invest $70 million in Saab

Race-car fan and private-equity executive Alex Mascioli is pumping $70 million into Saab as the Swedish automaker works to stay afloat. Mascioli's firm, North Street Capitol, is buying $10 million in shares of Swedish Automobile, which owns Saab, and is also giving the company a $60 million loan to pay for the carmaker's reorganization. U.S.-based North Street Capital struck a deal in September to buy the Spyker sports-car business from Swedish Automobile for $44 million.