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Saab reportedly bought by Chinese-led consortium

A Chinese-controlled consortium has completed a deal to buy the assets of bankrupt Swedish carmaker Saab, media reports said. National Electric Vehicle Sweden (NEVS) will pay 1.5 billion to 1.8 billion kronor ($210 million to $250 million) for Saab, excluding spare parts company Saab Automobile Parts AB, according to reports in Sweden. NEVS did not confirm the reports.

Tesla pays off its government loans

Tesla paid off the last of its $465 million government loans May 22, nine years ahead of schedule, thus outperforming most U.S. college graduates and the vast majority of American homeowners. Tesla used funds from a stock offering to finish the loan with a whopping bank transfer of $451.8 million Wednesday, pointing out that it was “…the only American car company to have fully repaid the government.” Apparently no one at Tesla was even born when Lee Iacocca paid off Chrysler's $1.2-billion government bailout ahead of schedule back in 1983.

Aston Martin DB4GT Zagato Sanction II Coupé up for grabs at Bonhams sale

Aston Martin DB4GT Zagato Sanction II The Aston Martin sale at Newport Pagnell in May has one of the four Aston Martin DB4 GT Zagato Sanction II Coupés ever built up for sale. The Ferrari 250 GTO may have shown the Aston Martin DB4 GT Zagato a clean pair of heels on track and gone on to be perhaps the most expensive car on the planet. But the truth is the Aston Martin is far more beautiful.