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Saab gets more cash from China partner

Saab has received another cash boost from its new China partner Pang Da with an additional order for 630 cars, worth 15 million euros or $21.7 million at current exchange rates. The order comes on top of an order for 1,300 cars worth $43.3 million (30 million euros) received by Saab from Pang Da in May. The Chinese company will pay in advance for the order and delivery of the vehicles will start in the third quarter, Saab said.

U.S. car sales surge 19 percent in May

All major automakers except Toyota reported double-digit U.S. sales gains in May, as the light-vehicle sales rate hit its highest level since December. Sales rose 19 percent from May 2009, marking the eighth-straight monthly increase, the longest such streak since June 2000, according to Bloomberg Data.

Designing the sound of tomorrow's electric cars

By 2019, the European parliament has ordered that all new electric cars sold in the EU must be fitted with a device that emits noise to make them more audible to pedestrians. With safety legislation in America and elsewhere set to follow, this presents an opportunity to completely rethink the sound electric cars make. It's a chance to take it beyond a warning sound by considering something that harmonizes with its surroundings.