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Few cars perform well in new insurance group crash test
Tue, 14 Aug 2012The insurance industry has unveiled a new, tough frontal-crash test. The first batch of 11 luxury and near-luxury cars put to the test by the Insurance Institute for Highway Safety didn't fare so well--only three were rated as good or acceptable. The test rams the front corner of a car into a fixed barrier at 40 mph.
Saab ends deal with Chinese investors
Mon, 24 Oct 2011Saab owner Swedish Automobile scrapped a $340 million investment deal with Chinese automotive companies Zhejiang Youngman Lotus and Pang Da after they proposed a buyout, straying from the original deal. Youngman and Pang Da signed a nonbinding agreement in July to take a combined 53.9 percent stake in Swedish Automobile. The Chinese companies say circumstances have changed since that time, so the deal should too.
Magna Steyr Mila concept
Wed, 23 Mar 2011The Magna Steyr Aero light is the fifth concept car from the subsidiary of automotive supplier Magna. The Aerolight is an A segment car, that tips the scale at just 700kg. Powered by a CNG natural gas drive system, the Aerolight has CO2 emissions of just 55g/km.