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Saab secures investment from China et al

China's Hawtai Automotive invest €150 million in Saab As you can’t have failed to notice, Saab has stopped production because it’s run out of money. And despite the best efforts of Vladimir Antonov to throw money at Saab, the EIB and the Swedish Debt Office seemed unwilling to move quickly to allow Saab to get back in to production. But things they are a-changing.

GM kills Cadillac SRX turbo

General Motors has stopped making the Cadillac SRX turbo crossover because of low sales. The turbo version made up 5 to 10 percent of SRX model sales since its debut in December 2009, Cadillac spokeswoman Robyn Henderson said Monday. In 2010, GM sold 45,229 SRX units through November, the most recent data available.

1884 De Dion Runabout sells for $4.62 million at RM auction

Two weeks ago we told you about one of the world's oldest running motor cars going up for auction in Hershey, Pa. That car, the 1884 De Dion Bouton Et Trepardoux Dos-A-Dos Steam Runabout, sold on Oct. 7 for more than double its estimated price--a cool $4.62 million.