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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.

Honda bumps up new Accord prices by $300

Honda Motor Co. said Monday that prices on the redesigned 2013 Accord sedan will increase, on average, by less than $300, even with the addition of thousands of dollars worth of standard features and technology. Honda has overhauled its top-selling model for 2013 with new, more fuel-efficient engines, a continuously variable transmission, additional standard equipment and other available technology, such as lane departure warning and blind spot detection.

2014 Lexus CT 200h Facelift to debut at Guangzhou Motor Show

2014 Lexus CT 200h Facelift to debut at Guangzhou Motor Show Remarkably, the Lexus CT 200h arrived as a ‘baby’ Lexus more than three years ago at the 2010 Geneva Motor Show, so it’s time for a bit of a facelift. That facelift for the 2014 model year will debut next week, not at the big shows in Tokyo or Los Angeles but at China’s Guangzhou Motor Show before going on sale as the 2014 Lexus CT 200h. Lexus aren’t telling us what they’ve done under the skin of the CT 200h – if anything – but the new CT 200h does finally get the new Lexus spindle grill to make it a full-fledged member of Lexus’s modern family.