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Saab sale to National Electric Vehicle Sweden confirmed

The sale of a substantial portion of Saab assets to National Electric Vehicle Sweden has been confirmed. It’s taken a very long time, but Saab has finally found a new home in the hands of National Electric Vehicle Sweden, as we reported last week. National Electric Vehicles Sweden has been set up to take over the assets of Saab and is a consortium of Japanese, Swedish and Chinese stakeholders, but it does not get the contentious Saab 9-5 technology that has dogged the sale of Saab so far.

First Corvette Stingray Convertible sells for $1 million

The first Chevrolet Corvette Stingray to be built has been auctioned for charity by Barrett Jackson  and bought by Rick Hendrick for $1 million. The new Corvette Stingray Convertible was offered for sale this weekend at Barratt Jackson’s auction in Palm Beach, Florida, with GM donating the healthy proceeds of $1 million to the Barbara Ann Karmanos Cancer Institute. The Stingray Convertible was bought by wealthy NASCAR team owner Rick Hendrick, who can now add the Stingray Convertible to his collection of cars, which also includes the first of the new Stingrays for which he paid $1.1 million.

Honda Insight 2 concept (2009) first photos

By Tim Pollard First Official Pictures 04 September 2008 14:00 The Honda Insight is back! Honda today unveils the Insight 2, a concept version of its new global hybrid. As extensively scooped by CAR Online, the new Insight is claimed to preview the world's cheapest petrol-electric hybrid car.We'll see the new Honda Insight concept at the Paris motor show in October 2008 – and the real production car follows not soon after.