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Saab: Muller seeking €600 million Chinese Bank loan to placate GM

Saab €600 seeking million China Loan Victor Muller is seeking a €600 million loan from a Bank in China to allow Saab to survive and circumvent GM’s objection to Chinese ownership. We’re not sure if this is ‘Plan B’ or whether we’re way beyond that now. But the latest ‘Save Saab’ pitch from Victor Muller is to acquire a €600 million loan from a bank in China to save Saab.

Tesla Model S outselling Chevrolet Volt & Nissan LEAF

Tesla never managed to make any money out of their electric Lotus – the Tesla Roadster – but it does look like they’re on to a winner with their electric  executive saloon, the Tesla Model S. Despite moans that the headline-grabbing sub-$50k Model S was never a reality – and a starting point of $70k – the Model S looks set to outsell the two most successful ‘alternatively fuelled’ cars – the electric Nissan LEAF and the range extender Chevrolet Volt – in the first quarter of 2013. Sales of the electric Nissan LEAF, which costs from $29k in the US, in the first quarter of 2013 were 3,965 units and the Chevrolet Volt, which costs from $40k, sold 4,421 units.

Cadillac to auction first '14 CTS V-Sport to charity

General Motors said Wednesday that it will be donating the first production model of the 2014 Cadillac CTS V-Sport to the SAE Foundation. The car will then be auctioned at Barrett-Jackson later this year with the proceeds going to the foundation's science, technology, engineering and mathematics student programs. The CTS V-Sport, or as Cadillac officially spells it, Vsport, was revealed earlier this year at the New York Auto Show.