Altrom Imports Atm K344353 - Shock - Gas - Rear on 2040-parts.com

Saab gets latest lifeline via $5 million infusion from Chinese company

Saab 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.

New Nissan Note revealed in Japan

The new Nissan Note has been revealed in Japan, previewing the Nissan Note for Europe which will debut in 2013. The new Nissan Note has been revealed in Japan, and although it gives us a good idea of what Europe can expect from its new Note which will arrive in 2013, there will be differences. It’s expected that the new Nissan Note for Europe will more closely resemble the Nissan Invitation Concept we saw at the Geneva Motor Show in March, but the JDM Note also gets some of the styling cues from the Innovation concept.

Porsche big up the Panamera S E-Hybrid (video)

The Porsche Panamera S E-Hybrid (pictured) is a performance Porsche too We’ve long seen hybrids, and plug-in hybrids, as the perfect performance weapon for high-end cars, where the addition of an electric motor offers an unbeatable combination of power and economy. That’s the line that Porsche are taking with the new Panamera S E-Hybrid, and they demonstrated that recently by revealing that the new E-Hybrid managed to average 62mpg in the hands of a bunch of motoring journalists on a test day. Which is an impressive number for any car in the hands of a group of people with lead-lined right feet and clearly demonstrates that the Panamera Hybrid really can do silly mpg even in the real world.