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Saab files for bankruptcy

Struggling Swedish manufacturer, Saab, has finally filed for bankruptcy. What may well prove to be the closing chapter in this ongoing saga could see the iconic brand laid to rest following months of uncertainty. A statement by parent company, Swedish Automobile NV (Swan) announced that: ‘After having received the recent position of GM on the contemplated transaction with Saab Automobile, Youngman informed Saab Automobile that the funding to continue and complete the reorganization of Saab Automobile could not be concluded.

Renault Twizy RS F1 concept (2013) first official pictures

Renault has given the Twizy electric car a mad twist by bolting on an F1-style KERS system for Megane Renaultsport 265-worrying performance available for the very brave. The Twizy Renault Sport F1 Concept sits on single seater racing wheels, has an F1-apeing front splitter, side-pods, rear wing and even a rear diffuser to make the link to the racing side of Renault’s activities. F1-style KERS in a Twizy?

2014 Chevy Spark EV priced at $27,500

The 2014 Chevrolet Spark EV will have a $27,495 price tag when it goes on sale in California and Oregon next month, making it one of the best value options among all-electric vehicles. The full $7,500 federal tax credit brings the Spark EV cost to $19,995. California Spark EV owners may also qualify for up to $2,500 in state and local tax credits, and they’re eligible for the state's carpool lane.