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Saab gets latest lifeline via $5 million infusion from Chinese company

Saab has been on the edge of collapse since a cash shortage early this year forced it to halt production. Now Automotive News reports that a last-minute payment from China's Zhejiang Youngman Lotus Automobile has given the Swedish carmaker yet another shot. Youngman wants to get a stake in Saab and has taken the first step by giving the company $5 million to cover tax expenses, with another $26.43 million forthcoming for unpaid salaries and $13.18 million more before the end of December.

Audi R8 Spyder (2010) first pictures

By Ben Pulman First Official Pictures 10 September 2009 10:15 These are the first pictures of the Audi R8 Spyder, after the images were leaked onto the internet ahead of the car’s debut at the Frankfurt motor show next week. Power is only expected to come from the 5.2-litre V10 engine, so the Spyder will send 518bhp and 390lb ft to all four wheels via either a six-speed manual or an automated-manual R-tronic gearbox. The R8 Spyder also has the same double-strake front intakes and rear vents as the V10, plus the chrome-surrounded central grille and twin oval exhausts.

Design and Technology at Siggraph 2008

From 11-15 August over 28,000 artists, research scientists, developers, filmmakers, and academics from around the world gathered in Los Angeles for the 35th Siggraph Conference on Computer Graphics and Interactive Techniques. The Siggraph conference includes courses and technical paper presentations, new technologies demos, an art gallery, computer animation festival, and an exhibition by software and hardware vendors. While the New Tech Demos and the technical programs are focussed on technologies that designers will have to wait several years for, several automotive software and hardware suppliers announced new shipping products at Siggraph.