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Saab funding from China likely delayed. Gets loan from North Street Capital

Saab gets funds from North Street Capital Last week we had Saab and their Chinese ‘backers’ getting in a bit of a muddle over funding. Which is what we’ve come to expect. Saab were adamant that the quote attributed to the Pangda Chairman that the Saab deal was no longer valid was a ‘misunderstanding’.

Mitsubishi Outlander plug-in hybrid ‘game-changer’ to cost same as diesel model

Mitsubishi Mitsubishi UK has revealed it will sell its new Plug-In Hybrid Outlander EV for the SAME price it retails diesel versions of the Land Rover Freelander rival, rather than many thousands of pounds more – a move managing director Lance Bradley believes has the potential to "blow the market apart. "It could be a gamechanger," he told MSN Cars as the firm prepared to reveal the car’s price. "A car like this comes along once in a generation: this could be our Mazda MX-5, our Jaguar F-Type." On Bing: see pictures of the Mitsubishi Outlander PHEVFind out how much a used Mitsubishi Outlander Including the £5,000 UK government subsidy for plug-in vehicles, the entry-level Outlander PHEV GX3h will be priced from £28,249, the same as the diesel-powered Outlander GX3h auto.

Fiat 500 Electric 2012 launch

The Fiat 500 Electric Concept was at the Detroit Motor Show this year At the 2010 Detroit Motor Show Fiat brought along an electric concept version of the Fiat 500, together with a Chrysler-badged Lancia as a clear indication that times are changing at Chrysler. And it would appear they’re changing even more quickly than we expected with the announcement that the Fiat 500 EV is going in to production, and will go on sale in the US in 2012. Obviously spurred on by the unexpected success in recent years of that other motoring retro icon the MINI, Fiat are pushing ahead with plans to introduce the regular Fiat 500 in to North America in 2010, although that will be preceded by the 500 Abarth and 500C Abarth, which will be the first versions of the 500 to reach American shores.