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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.

Optima Sports pushes two new tire innovations

WITH VIDEO -- If John Scott has his way, every car on the road will be shod with tires featuring built-in camber. Scott is the owner of Wisconsin-based Optima Sports, a small automotive-engineering firm, and inventor of Camber Tires--tires with a constantly decreasing diameter. According to Scott, his tires offer multiple benefits, including enhanced handling, increased stability, reduced tread noise, improved fuel economy and better safety by reducing rollovers.

Renaultsport Megane 275 Trophy (2014) first official pictures

By Ben Pulman First Official Pictures 14 May 2014 11:43 This is the new limited-edition Renaultsport Megane 275 Trophy. It’s got more power, trick tyres, adjustable dampers, a titanium exhaust, and with that armoury Renault is firing a warning shot across the bows of forthcoming mega hatches like the Honda Civic Type R and Vauxhall Astra VXR Extreme. Renaultsport has worked on the regular Megane 265's turbocharged 2.0-litre four-cylinder engine to find an extra 10bhp, so peak power is now 271bhp (or 275PS, hence the name) delivered at 5500rpm.