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Hiriko folding car: The solution to urban car sharing? [w/video]

The Hiriko Driving Mobility Group has moved into the manufacturing trial of its two-seater electric microcar, which it hopes will offer a new car-sharing program that will transform the way we travel around our cities. The ‘first-mile' problem – moving between the commuter's home and mass transit hubs – and the ‘last-mile' problem – from mass transit to the workplace – has increased dramatically over the past few decades as more of us live in urban environments. 10 years ago researchers at the Michigan Institute of Technology (M.I.T.) decided to explore alternatives to shuttle buses and other ideas that failed to tackle the problem.

Koenigsegg signs deal to buy all of Saab

By Tim Pollard Motor Industry 18 August 2009 10:17 Supercar maker and industrial group Koenigsegg today announced it had signed the deal to buy every one of GM's shares in Saab. The news clears the way for Saab's rebirth as an independent car maker freed from the shackles of General Motors and follows an earlier memorandum of understanding. Koenigsegg has signed the stock purchase agreement to buy 100% of Saab – but there are still numerous hurdles before the deal completes 'in the next few months.' Exactly.

Diddy stars in new Fiat 500L spot

The dream of the '90s is apparently alive at Fiat. Not Fred Armisen and Carrie Brownstein's crust punx, granola and symmetrical all-wheel drive u/dystopia, but the other side of the era; the flashy party-people late end of the decade that brought Sean Combs to global prominence. In Italian marque's new ad, the rapping, acting, designing businessman appears as the Mr.