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GM seeks $16 billion more in U.S. help

GM asked the federal government on Tuesday for as much as $16.6 billion in additional federal aid to help it survive. Without the new funding, the automaker could run out of money sometime in March. Under the plan submitted to the U.S.

New Land Rover Freelander will actually be a Discovery

It seems – as we expected – that Land Rover are looking to make more sense of their range of off-roaders as new models are launched, and are going to concentrate on three core brands – Range Rover, Discovery and Defender – instead of the current mish-mash where many models really overlap with others (the top end Discoverys are really a cheaper Range Rover). So the next Freelander will become an entry-level Discovery with underpinnings borrowed from the Evoque (which is itself based on the current Freelander platform, a development of the Ford Galaxy’s platform), and arrive in both 5-seat and 7-seat guise, with the new Discovery ’5′ getting a platform based on the new Range Rover and perhaps spawning two models. The new Discovery range will be targeted as a ‘Lifestyle’ core range for Land Rover (much as the original Disco was) and the Range Rover range will be both sporty and luxurious, with a 7-seat Grand Evoque XL joining the current Evoque, Range Rover Sport and Range Rover.

Russian tech entrepreneur buys EV maker Think

Norwegian electric-car maker Think Global AS, which filed for bankruptcy in June, has reportedly been bought out by a global technology entrepreneur. New owner Boris Zingarevich currently runs investment operations based in St. Petersburg, Russia.