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Saab gets latest lifeline via $5 million infusion from Chinese company

Saab has been on the edge of collapse since a cash shortage early this year forced it to halt production. Now Automotive News reports that a last-minute payment from China's Zhejiang Youngman Lotus Automobile has given the Swedish carmaker yet another shot. Youngman wants to get a stake in Saab and has taken the first step by giving the company $5 million to cover tax expenses, with another $26.43 million forthcoming for unpaid salaries and $13.18 million more before the end of December.

Range Rover Evoque launches in India at £60,000

Range Rover Evoque launches in India Yes, a starting price of around £60k for a Range Rover Evoque in India seems rather steep (and that’s plus Octroi – local sales tax). After all, in the UK you can jump in to an Evoque from a shade under £28k (for the 2WD Evoque eD4 Pure), and even the top of the range Evoque Si4 Dynamic with an auto ‘box comes in at just £40k (until you dive in to the options, and then it’ll be nearer £50k). So what’s going on with the Evoque in India?

GM's Henderson: Future rests on Chevy, Cadillac, Buick and GMC

General Motors will go to market with four core brands in the future: Chevrolet, Cadillac, Buick and GMC. Pontiac will be shrunk "significantly," a senior GM executive told the Automotive News World Congress. GM COO Fritz Henderson said that GM is conducting a strategic review of its Saab and Hummer brands and that the "status quo" for the Saturn brand will not work.