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Saab is sold again: two Chinese makers buy Saab

Chinese car makers Pang Da and Youngman today agreed to buy Saab in its entirety from Swedish Automobile. It's the latest extraordinary twist in the saga of Saab, which has been technically bankrupt since September 2011 and built just 11,000 cars this year. The deal, which will see the Chinese car makers pay €100 million for Saab, has not yet however been signed and sealed.

Range Rover Evoque SW1 Special Edition celebrates the Union

Range Rover Evoque SW1 Special Edition celebrates the Union with Union Jack graphics We’re not sure that if Scotland had lost the plot and voted Yes to separation from the UK that Land Rover would have revealed this Range Rover Evoque Special Edition now. But Scotland voted No and Land Rover have revealed a new Union Jack version of the Range Rover Evoque – the Range Rover Evoque SW1. Based on the Evoque Dynamic, the Evoque SW1 comes with a choice of Firenze Red, Fuji White, Loire Blue, Santorini Black or Corris Grey paint, Fuji White roof and stripes, 20″ white alloys and – here comes the ‘Inspired by Britain’ bit – Union Jack graphics on the rear spoiler, door mirrors, gear knob on manual versions and Union Jack tags on the seats, carpets, sill plates and key and ‘RANGE ROVER’ lettering in white on the bonnet.

U.S. will honor clunker rebates until Senate acts, DOT chief says

The Obama administration will fund the cash for clunkers program until the Senate decides whether to add $2 billion to the original $1 billion fund that is likely to be depleted this weekend, U.S. Transportation Secretary Ray LaHood said today. He said the administration would honor dealer rebate applications filed at least through Tuesday, Aug.