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Audi will use E-tron name for electric cars

Audi plans to use the E-tron designation for its electric vehicles. Audi cars will carry the E-tron logo on their rear, similar to the way models now bear the "quattro" designation. Audi plans to produce an initial run of 100 units of its E-tron electric sports car at its factory in Ingolstadt, Germany, in 2012.

Keels & Wheels concours features classic cars, wooden boats and more

“Not just anyone can do this,” a clearly exhausted Bob Fuller, chairman and founder of the 17th-annual Keels & Wheels Concours d' Elegance, said shortly after presiding over the awarding of 69 trophies in the automotive division of the two-day classic-car and wooden-boat show held at Seabrook's Lakewood Yacht Club south of Houston, Texas. “You have to have the facilities to do this, and we have these beautiful grounds surrounding this big protected harbor,” said Fuller, a car and boat collector. Fuller collaborated with cochairman Bob Merryman, then-president of the Southwest Chapter of the Antique & Classic Boat Society, to found the event, which benefits the Boys & Girls Harbor nonprofit.

Saab turns down takeover offer from Chinese investors

Swedish Automobile, owner of Saab, has turned down a takeover offer from China's Zhejiang Youngman Lotus Automobile Co. and Pang Da Automobile Trade Co. Youngman and Pa Dang signed a nonbinding memorandum in July to take a combined 53.9 percent stake in Swedish Automobile for about $338 million.