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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.

Quail motoring show is on for 2010

The Quail motorsports gathering that is part of the Monterey Historics/Pebble Beach Concours d'Elegance weekend is alive and well, according to the event's organizers. They say that although the owners of the Quail Lodge closed the hotel portion of the resort on Nov. 16, the golf course and clubhouse remain open and will continue to run the Quail Motorcycle Gathering on May 8, 2010, and the Quail, a Motorsports Gathering.

Renault teases extra hot Megane RS

Renault has teased a new, more hardcore version of its Megane Renaultsport coupe on its Facebook page, hinting that the French firm is developing an even more focused version of the sporty hatch to rival the SEAT Leon Cupra 280. The picture appeared with the hastag “#Under8”, meaning the SEAT is a logical target. The Cupra 280 model recently set the front-wheel drive Nurburgring production car lap record with a time of 7 minutes 58.4 seconds.