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Saab gets latest lifeline via $5 million infusion from Chinese company
Tue, 13 Dec 2011Saab 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.
Audi A8 facelift revealed ahead of Frankfurt Motor Show 2013
Wed, 21 Aug 2013Audi is pulling weight out of its A8 limousine and sticking in more power in an effort to stem the expected upsurge from Mercedes-Benz’s all-new S-Class, also being unveiled for the first time at the 2013 Frankfurt Motor Show. The all-wheel drive Audi, which is the top-of-the-range Audi limo, may only change a little visually but delivers big upgrades in its driver assistance systems, as well as tightening its fuel consumption by up to 10%. Please click the image above to read the rest of this story
Audi R8 E-tron (2012) sets new 'Ring record
Mon, 02 Jul 2012Audi has set a new electric road car lap record of 8:09:099 minutes around the Nurburgring Nordschleife in Germany. The fully electric supercar isn't just a concept though - it's gearing up for sales before the end of 2012. How did the R8 E-tron lap the 'Ring so fast?



