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Saab files for Bankruptcy

Saab Bankrupt It looks like Victor Muller’s dream of saving Saab is over with Saab shares suspended and the company filing for bankruptcy. Saab has produced nothing since April and has lurched from crisis to crisis ever since. Victor Muller has pulled every trick he knows – and some he didn’t know he knew – to keep Saab afloat, but it looks like it’s all for nothing.

Fiat previews the 500X small crossover

Fiat gave an unexpected sneak preview of a crossover variant of its 500 minicar. The model, which will be called the 500X, will go on sale in Europe in early 2014 and shortly after in North America. Fiat brand global boss Olivier Francois showed a full-size styling model of the 500X during the media launch on the 500L small minivan in Turin, Italy, on July 4.

UK electric car sales hit record high

While electric cars may not have taken off as quickly as the likes of Renault and Nissan had hoped, the latest figures from the government’s £5,000 electric car grant scheme show that sales have leapt 25% in the last quarter. A total of 1,149 electric cars were registered in Q3, not only a 25% improvement over Q2, but the most successful quarter since the government scheme began back in January 2011, indicating that consumers are starting to understand the technology and its limitations rather better. On Bing: see pictures of electric cars in the UK Find out how much an electric car costs on Auto Trader This news comes as the Renault-Nissan alliance has been forced to admit it is not going to reach its self-imposed target of 1.5 million electric car sales by 2016.