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Saab: Turkey’s Brightwell Holdings & China’s Youngman vie for Saab

Will Saab end up in Turkish or Chinese hands? Despite its bankruptcy, it seems China’s Youngman and Turkish equity form Brightwell Holdings ar planning on staging a bid. Saab may be bankrupt – and its car heritage from the Saab Museum up for sale – but that hasn’t stopped interest in Saab as a viable car maker from prospective suitors.

Cabbie trials smartphone-only payment

A LONDON cab driver has become the first to accept payment only from a mobile phone app as part of a new trial. Ian Cable will only accept payment via the Barclays PingIt app during the five-day trial, following on from also being the first cabbie to use chip and pin as a form of payment back in 2004. "I am very excited to take part in this trial,” said Mr Cable.

ZF boss thinks 9 speeds is enough for transmissions

The nine-speed transmission might be where the race to add gears ends, ZF Friedrichshafen CEO Stefan Sommer said. He referred to nine speeds as the "natural limit" because going beyond that number adds weight and complexity that cannot be offset by gains in fuel efficiency. "There is no hard line, but you have to consider the law of diminishing returns.