Lester Link 48v Golf Cart Battery Charger on 2040-parts.com

Saab on brink of closing after GM rejects rescue plan

Saab Automobile filed for bankruptcy on Monday and is on the brink of shutting for good after former owner General Motors rejected a rescue plan. The move sets the scene for the end of Saab's struggle to survive after months of hastily drawn-up deals for a company that hasn't made a vehicle in months. The latest plan involved Chinese automaker Zhejiang Youngman Lotus Automobile, but this was vetoed by GM, still a key Saab supplier, over the weekend "After having received the recent position of GM on the contemplated transaction with Saab Automobile, Youngman informed Saab Automobile that the funding to continue and complete the reorganization of Saab Automobile could not be concluded," Saab's Dutch owner, Swedish Automobile, said in a statement.

Solar car built by Cambridge University crashes

The annual World Solar Challenge is taking place right now. 38 teams from all round the globe are racing 3,000km (1,864 miles) across Australia using energy from the sun alone. Unfortunately, the planned entry from the UK’s very own Cambridge University isn’t amongst them – because five days before the start the above happened.

Full-scale model of 5th Peugeot Design Competition winner revealed in Shanghai

A life-sized model of Carlos Arturo Torres Tovar's RD concept, for which the 26 year old Columbian designer won the 5th Peugeot Design competition, is on display at the Peugeot stand in Shanghai. The 'RD' concept was chosen via an online internet poll and a competition jury headed by Peugeot's Managing Director, Jean Philippe Collin in September last year. The theme for the 2008 competition was 'Imagine the Peugeot in the worldwide megapolis of tomorrow'.