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Saab gets latest lifeline via $5 million infusion from Chinese company
Tue, 13 Dec 2011Saab 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.
Porsche 911 GT3 R Hybrid (2010): first photos
Thu, 11 Feb 2010By Tim Pollard First Official Pictures 11 February 2010 12:05 If you thought hybrids were dull, check out this petrol-electric car: the new Porsche 911 GT3 R Hybrid. Due to bow in at the 2010 Geneva motor show, the hybrid Porsche will race at the Nurburgring 24hrs in May 2010 as an experimental green race car.Porsche calls it 'Porsche Intelligent Performance' – a marketing phrase we're bound to hear more of, as Zuffenhausen develops its hybrid technology to dispel fears of the long-term future of sports cars. Porsche 911 GT3 R Hybrid: the tech storyThe hybrid 911 takes a conventional GT3 R race car and adds an electrically powered front axle.
2011 BMW 6-Series Convertible debuts
Thu, 18 Nov 2010The 2011 BMW 6 Series Convertible - on sale March 2011 Perhaps BMW wants to grab a slice of the top-end convertible action next Spring, or maybe they just fancied turning normal model launch convention on its head by launching the soft-top first. But whatever BMW’s reasoning the fact is that we will get the 2011 BMW 6-Series Convertible in March, probably six months before the 6-Series Coupe arrives. The 2011 6-Series Convertible is, you won’t be shocked to learn, exactly what we’ve been expecting for quite some time (we even brought you the first photo of the 2011 BMW 6-Series Convertible last month) and is a topless take on the new BMW 6 Series Coupe we saw at Frankfurt back in September.









