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Peugeot EX1 EV takes on the Nurburgring & sets new electric car record

Peugeot EX1 EV Concept - a 'Ring-beater Peugeot has been busy celebrating its bi-centenary of late (as a company, not just a care maker) and a part of the celebrations of the anniversary was the creation of the Peugeot EX1 EV Concept we saw at the Paris Motor Show.. An EV Concept in this day and age would, you might reasonably expect, be a little less than exciting. Something to run around the centre of town in or a delivery vehicle for urban businesses, perhaps.

BMW M1 Hommage to show at Melbourne

[ad#ad-1] BMW has announced that it is going to use its M1 Hommage (or Homage, if you’re not German) as the centre piece of it’s stand at the Melbourne Motor Show in February. The BMW M1 Hommage was created last year to celebrate 30 years from the M1 road car creation in 1978, and was developed by BMW’s M Division. The M1 Hommage takes many styling cues from the original M1, such as the air vents on the bonnet, the louvres on the rear window and the round decals at the extremes of the wings, but makes a distinctly 21st century take on the original.

Saab gets latest lifeline via $5 million infusion from Chinese company

Saab has been on the edge of collapse since a cash shortage early this year forced it to halt production. Now Automotive News reports that a last-minute payment from China's Zhejiang Youngman Lotus Automobile has given the Swedish carmaker yet another shot. Youngman wants to get a stake in Saab and has taken the first step by giving the company $5 million to cover tax expenses, with another $26.43 million forthcoming for unpaid salaries and $13.18 million more before the end of December.