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Electric car world record on single charge – but it’s pointless

The Japanese Electric Vehicle Club did 632 miles in this Electric Daihatsu Mira Van When car endurance records are set they feel relevant only if they are real-world records. Records set by a car you can buy doing something you could do. A bit like Tom Ford’s run to Munich and back in a BMW 320d ED last week when he managed over 1,000 miles on a single standard tank of fuel.

Saab says it will restart production after securing short-term loan

Saab aims to restart production within a week after its owner, Spyker Cars, secured a 30 million euro ($44.7 million) short-term loan to help ease its cash crunch. Spyker said it will borrow the money from Gemini Investment Fund in a convertible loan agreement with a 6-month maturity. The interest rate of the loan is 7 percent a year and the conversion price is 4.88 euros per share.

Senate passes cash-for-clunkers extension

The Senate added $2 billion to "cash for clunkers" on Thursday, ending a week of suspense about whether the popular new program would have to shut down for lack of funds. The bill, identical to the one that passed the House last week, now goes to President Barack Obama for his signature. The administration has pushed hard for the new funding.