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Chinese bank may join Saab rescue deal

Saab's owner, Swedish Automobile, said on Monday it is discussions with a bank in China and Chinese automaker Zhejiang Youngman Lotus Automobile over a rescue deal for Saab. Reports had said on Sunday that the Bank of China would replace China's Pang Da as an investor in Saab, which is under bankruptcy protection. Swedish Automobile confirmed Monday that it is talking with Youngman and a bank in China about an equity interest, but did not name the bank.

Driven: Honda FRV

The Honda FRV is a misunderstood car. It's a European market orientated compact MPV that unusually has two rows of three seats, a configuration shared only with the earlier Fiat Multipla design. But unlike the bulbous, short, tall and deep-windowed Italian, the Honda shares almost identical dimensions to the five seat Renault Scenic that is the compact MPV market leader (the longer wheel base Scenic and other compact MPVs with three rows of seats to seat seven people is about a foot longer).

Tesla ‘drops’ entry-level Model S. But was it ever going to be available?

The 40kWh version of the Tesla Model S is being dropped by Tesla in the US, but we do wonder if Tesla ever had any intention of delivering it in the first place. Tesla’s big claim ahead of the arrival of the, very impressive, Model S – and a seemingly vital part of the US taxpayer funding Tesla to develop the Model S – was that they would deliver a car that cost under $50k, something the car industry thought impossible. But when the Model S was launched, Tesla did indeed have an entry-level model available with a 4okWh battery that was listed at $58,750 (taking it almost down to the $50k mark after the US taxpayer chipped in the EV bribe) so Elon Musk could, quite reasonably, claim Tesla had delivered.