Painting Stand Nts 420106 on 2040-parts.com

Saab finds a buyer

Bankrupt automaker Saab has found a buyer. But instead of picking up where the Swedish firm left off, the buyer plans to use Saab's resources for the production of electric cars. The new owners of Saab, a Chinese-Swedish investment group with Japanese backing called National Electric Vehicle Sweden AB (NEVS), did not release details on how much it paid for Saab or how much it planned to invest in the company.

Black cab fares to rise

BLACK cab fares in the capital are going up and could rise again as early as next January. From April 5, London taxi fares will increase by an average of 0.7%, Transport for London (TfL) announced today. TfL said the below-inflation increase was the lowest since it took responsibility for licensing taxis in 2000 and the rise equated to just 9p more on an average fare.

Volvo tuner Polestar reveals production S60 and V60 models

It's not every day that we can tell you about a performance-tuned station wagon that is actually coming to the U.S., but today is one of those rare days. Volvo racing and aftermarket tuning specialist Polestar has revealed details of their production versions of the V60 wagon and the S60 sedan, which are bound for the U.S. The S60 and V60's 3.0-liter T6 engine has been tuned to produce 350 hp and 369 lb-ft of torque, which is said to give it a 0 to 62 mph time of 4.9 seconds, on the way to an electronically limited top speed of 155 mph.