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Mitsubishi Outlander plug-in hybrid ‘game-changer’ to cost same as diesel model

Mitsubishi Mitsubishi UK has revealed it will sell its new Plug-In Hybrid Outlander EV for the SAME price it retails diesel versions of the Land Rover Freelander rival, rather than many thousands of pounds more – a move managing director Lance Bradley believes has the potential to "blow the market apart. "It could be a gamechanger," he told MSN Cars as the firm prepared to reveal the car’s price. "A car like this comes along once in a generation: this could be our Mazda MX-5, our Jaguar F-Type." On Bing: see pictures of the Mitsubishi Outlander PHEVFind out how much a used Mitsubishi Outlander Including the £5,000 UK government subsidy for plug-in vehicles, the entry-level Outlander PHEV GX3h will be priced from £28,249, the same as the diesel-powered Outlander GX3h auto.

Buick Encore gets innovative all-wheel drive system

Buick is touting the Active On-Demand all-wheel drive system in the new Encore SUV. Instead of a traditional AWD system that directs torque to wheels only when slip is detected, the Buick system sends motive force to the rear on every launch. Then, if no slip is detected, a computer disengages torque to the clutch, returning the car to front wheel drive.

U.S. equity firm to invest $70 million in Saab

Race-car fan and private-equity executive Alex Mascioli is pumping $70 million into Saab as the Swedish automaker works to stay afloat. Mascioli's firm, North Street Capitol, is buying $10 million in shares of Swedish Automobile, which owns Saab, and is also giving the company a $60 million loan to pay for the carmaker's reorganization. U.S.-based North Street Capital struck a deal in September to buy the Spyker sports-car business from Swedish Automobile for $44 million.