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Penske calls off Saturn deal, brand will close

IndyCar team owner and dealer magnate Roger Penske will not buy Saturn and the brand will be shuttered, General Motors said Wednesday. GM said Penske called off discussions after failing to line up more future products. Penske had been in talks with Renault for vehicles.

China to boost electric cars with 30% Government EV fleet

The BYD E6 EV (pictured) will benefit from China’s push on EVs The UK government has just announced its commitment to use electric cars for its own vehicles in an effort to boost the take-up of EVs, but China is going even further. China has ordered government officials to start buying electric cars (that means BEVs, plug-in hybrids and hydrogen fuel cell cars) in a big way, with instructions that 30 per cent of government cars must fall in to the ‘New Energy’ category by 2017, and an even higher percentage going forward. The aim is to cut pollution, and China expects to have 5 million New Energy cars on the road by 2020 and it is urging it government agencies and some city governments to start buying New Energy vehicles from Chinese makers like BYD and SDAIC, but also instructing them to build more charging stations and supporting infrastructure.

Toyota previews FT-Bh concept [w/video]

Toyota has released the first images along with a video for its new FT-Bh concept car, set to be unveiled at the Geneva motor show. The FT-Bh – Future Toyota B-segment hybrid – previews a production-destined car designed to maximize fuel efficiency and built using economically-viable construction methods and technologies. The five principal factors that the Toyota's designers have focused on are reducing the car's weight (just 800kg), increasing its aerodynamic performance as well as its powertrain efficiency via thermal energy management and electricity saving qualities.