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Saab: Muller seeking €600 million Chinese Bank loan to placate GM

Saab €600 seeking million China Loan Victor Muller is seeking a €600 million loan from a Bank in China to allow Saab to survive and circumvent GM’s objection to Chinese ownership. We’re not sure if this is ‘Plan B’ or whether we’re way beyond that now. But the latest ‘Save Saab’ pitch from Victor Muller is to acquire a €600 million loan from a bank in China to save Saab.

Teen Driving: Gen Y delays earning licenses

From the environmentalists to the socially connected, trends indicate teens aren't in as much of a rush to earn a driver's license. In fact, almost half of 18- to 24-year-olds surveyed said they would pick Web access over their own car if they had to choose. Experts say social media sites in particular play a role by connecting teens without requiring them to leave their house.

Audi greenlights new Q1 entry-level SUV

Audi has confirmed long-running rumors it will add a new entry-level SUV to its lineup called the Q1. Previewed as a concept called Crosslane Coupe at the 2012 Paris Motor Show, the new price-leading SUV is planned to slot into the German automaker's lineup beneath the existing Q3. The price is expected to rival that of the Mini Countryman.