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Saab: Muller seeking €600 million Chinese Bank loan to placate GM

Saab €600 seeking million China Loan Victor Muller is seeking a €600 million loan from a Bank in China to allow Saab to survive and circumvent GM’s objection to Chinese ownership. We’re not sure if this is ‘Plan B’ or whether we’re way beyond that now. But the latest ‘Save Saab’ pitch from Victor Muller is to acquire a €600 million loan from a bank in China to save Saab.

Mazda CX-5 is born from the Mazda Minagi Concept

Mazda CX-5 - the Mazda compact SUV Back at the Geneva Motor Show this year Mazda pitched up with the oddly named Mazda Minagi Concept, a compact SUV which we said would arrive in showrooms as the Mazda CX-5. And it is. Mazda has announced that the CX-5 will be going in to production and that we will be seeing a production-ready version at Frankfurt in September, which suggests that the CX-5 will be in a showroom near you in early 2012.

Florida man claims ownership of long-lost Cunningham Corvette

A Florida man says the long-lost 1960 Chevrolet Corvette race car that made a brief public appearance in Carlisle, Pa., last week was owned and raced by his father in the 1970s, and claims the car belongs to him. The challenged ownership of the maroon-colored car--one of three raced in the 1960 24 Hours of Le Mans by Briggs Cunningham and valued by some collectors at more than $1 million--could be the reason organizers of the Corvettes at Carlisle show canceled a planned public display on Aug. 24 less than 30 minutes before the scheduled start time.