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Saab turns down takeover offer from Chinese investors

Swedish Automobile, owner of Saab, has turned down a takeover offer from China's Zhejiang Youngman Lotus Automobile Co. and Pang Da Automobile Trade Co. Youngman and Pa Dang signed a nonbinding memorandum in July to take a combined 53.9 percent stake in Swedish Automobile for about $338 million.

Vauxhall Insignia facelift (2013) first pictures of overhauled Insignia

Though you might not spot the tweaks to the new Vauxhall Insignia on the outside, there are big changes afoot under the bonnet and in the cabin. It’s also cheaper than the outgoing model, and will be officially revealed at the Frankfurt motor show in September 2013. UK deliveries start in October, with prices starting from £16,279.

BMW i3 EV will cost from £30,680 – less than we expected

The new BMW i3 EV (teased above) will costs from £30k The new BMW i3 electric City Car is due to be revealed in production guise on 29th July, ahead of which BMW has revealed it will cost from £30,680 – meaning a showroom sticker price of £25,680 after the EV taxpayer ‘grant’. That price is for the pure EV i3 – not the range-extender – which comes with a rear mounted 168bhp electric motor, a top speed of 93mph and a range (in ideal conditions) of around 80 miles between charges. At a retail price of £25k, the i3 compares favourably with other EVs like the Nissan LEAF, which costs from £21k, and the Chevy Volt at £30k (although that is a range extender).