1914 Ford Lantern Cap Model T on 2040-parts.com

Petersen museum celebrates the 50th anniversary of Phil Hill's world championship

It's been three years since the racing world lost one of its greatest heroes and nicest guys. Now, on the 50th anniversary of his world championship, the Petersen Automotive Museum in Los Angeles is celebrating the life and accomplishments of Phil Hill--the first American to hold that title--with a new exhibit of his cars and a gala celebration of his greatest races. First is the exhibit, assembled in collaboration with Phil's son Derek, himself a racer.

Saab 9-3 EV prototype revealed by NEVS

Saab 9-3 EV prototype revealed by NEVS When National Electric Vehicle Sweden (NEVS) bought what was left after the debacle of bankruptcy, the plan was to create a range of electric cars using the Saab brand. But that hasn’t gone to plan, even though the first electric Saab 9-3 Prototype has now been revealed. In fact, Saab under NEVS has also come close to bankruptcy recently as an unpaid supplier took court action (although NEVS say that little local difficulty has been solved) and NEVS had to resort to building ICE engined Saabs to keep a few bob coming in.

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.