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General Motors spending $131 million to upgrade Corvette plant

General Motors is spending $131 million on its Bowling Green, Ky., assembly plant to prepare it to build the next-generation Corvette. The plant will spend the money on manufacturing equipment, specialized tooling and plant updates, said Mark Reuss, GM's president of North America. The plant will add about 250 jobs, which will boost its workforce by about 50 percent, to about 750 workers.

Hyundai ix35 facelift to cost from £16,995 – extended model range & specs

The ‘new’ Hyundai ix35 (pictured) costs from £16,995 Hyundai revealed the mildly facelifted ix35 back in March (and a better looking version for the Korean market a couple of months later) and now, with the new ix35 on sale next week, we have news of prices and specs. We covered the tweaks Hyundai have made to the ix35 back in March – and they’re really quite minor – but the trim levels are also changing and the more powerful 2.0 litre diesel is biting the dust. The ix35 range now kicks off with the ix35 S 1.6-litre GDi 2WD manual at £16,995 which comes with 16″ alloys, central locking, USB and AUX, AirCon, Hillstart Assist and Downhill Brake Control (designed to help those who can’t really drive).

Saab finds a buyer

Bankrupt automaker Saab has found a buyer. But instead of picking up where the Swedish firm left off, the buyer plans to use Saab's resources for the production of electric cars. The new owners of Saab, a Chinese-Swedish investment group with Japanese backing called National Electric Vehicle Sweden AB (NEVS), did not release details on how much it paid for Saab or how much it planned to invest in the company.