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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.

Cars of the future could be powered by seawater

Water from the sea could power cars of the future, if experiments currently being trialled by the US Navy prove to be successful. According to Jalopnik, the US Naval Research Laboratory is turning carbon dioxide from seawater into hydrogen, with the hope of fuelling its jets from alternative sources. Hydrogen cars ‘on sale next year’ Zero-emissions hydrogen fuel-cell cars on sale in 2015 – Hyundai If successful, researchers predict it’ll cost between $3 and $6 per gallon – that’s approximately 40p to 80p per litre.

SAIC's Mobiliant wins 2013 LA Design Challenge

SAIC has been revealed as the winner of this year's LA Design Challenge. The Chinese carmaker's entry, a single-seat urban public transit vehicle, was declared the victor after intense judging sessions took place throughout the LA auto show's second press day. The panel – which included Tom Matano, executive director, School of Industrial Design at San Francisco's Academy of Art University, and Stewart Reed, chair of Transportation Design at Pasadena's Art Center College of Design – combed through the entries, discussing their merits and how closely they fit the brief, before hearing the teams' presentations in the afternoon.