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Saab ends deal with Chinese investors

Saab owner Swedish Automobile scrapped a $340 million investment deal with Chinese automotive companies Zhejiang Youngman Lotus and Pang Da after they proposed a buyout, straying from the original deal. Youngman and Pang Da signed a nonbinding agreement in July to take a combined 53.9 percent stake in Swedish Automobile. The Chinese companies say circumstances have changed since that time, so the deal should too.

Consumer Reports slams new Honda Civic

Honda Motor Co., still struggling with supply shortages of the redesigned 2012 Civic after the March earthquake in Japan, took a slap in the face today when Consumer Reports rated the new Civic "too low to be recommended." The 2012 Honda Civic dropped 17 points, from a very-good score of 78 to a mediocre 61, in the latest Consumer Reports road test of small cars. Previous Honda Civic models have often been Consumer Reports' highest rated small sedans, as well as Top Picks in five of the past 10 years. But the redesigned model was slammed for the cheapness of its interior, poor ride quality, long stopping distances and loud interior noise.

Nissan LEAF: Nissan to extend warranty to cover battery capacity loss

Nissan has revealed it plans to extend the warranty on the Nissan LEAF EV to warrant against battery capacity losses. We’ve asked many times why makers of electric cars seem to believe that their batteries will continue to hold the same amount of charge as they age, especially as every battery powered gadget we’ve ever owned loses its ability to hold the same charge as every month passes, and becomes pretty useless after a couple of years hard use. But we’ve never had a sensible answer.