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Chevy introduces diesel, gas and electric SEMA concepts

Chevy revealed another handful of SEMA projects on Friday. The new, customized cars will join the Silverado Black Ops Concept and the Silverado Firefighter Concept on the stand in Las Vegas on Nov. 5-8.

Saab unable to pay wages as financing crisis deepens

Saab's money troubles have worsened to the point that the struggling car maker is unable to pay its employees' wages on the eve of the Swedish mid-summer vacation period.In a brief official statement last night, Saab's parent company Swedish Automobile N.V (formerly Spyker Cars) announced that it was 'will be unable to pay the wages to employees as it has not yet obtained the necessary short-term funding.'  While Swedish Automobile and Saab continue to pursue options for securing short-term financing to solve the cashflow crisis, the company admitted 'there can however be no assurance that these discussions will be successful or that the necessary funding will be obtained.' Saab share prices tumble, Swedish government will not intervene Reaction to the worsening financial crisis from stakeholders has been predictably bleak. Swedish Automobile's shares dropped 61% in value yesterday, and are currently trading at 0.948 euro. The Swedish government, already guaranteeing a €400m loan to Saab by the European Investment Bank, shows no inclination to bail-out Saab, which employs 3800 staff.

New Mercedes S-Class Plug-in Hybrid to debut at Frankfurt Motor Show

The new Mercedes S-Class (pictured) will arrive with a plug-in hybrid version in September We’ve known Mercedes were planning a plug-in hybrid version of the new S-Class as far back as 2009, and it now appears it will debut – as a 2014 model – at the 2013 Frankfurt Motor Show in September. When Mercedes revealed the Vision S500 Plug-in Hybrid Concept at Frankfurt in 2009, they had fitted it with a V6 petrol engine mated to a 44kw motor and a bank of lithium-ion batteries, and promised the hybrid S-Class would do 90mpg, have emissions of under 75g/km and manage 18 miles in EV mode. That means the hybrid S-Class would have performance comparable to the V8 petrol-engined S500 but attract no BIK or VED in the UK.