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GM, SAIC to develop electric cars in China

General Motors will work with its joint-venture partner, Chinese carmaker SAIC Motor Corp., to develop parts and vehicle platforms for electric cars, the companies said on Tuesday. The automakers will use their existing joint venture in Shanghai, the Pan Asia Technical Automotive Center, as the home base to develop the electric car--aimed primarily at the Chinese market. GM says it plans to use the platform, components and technology from the project to build electric cars around the world for various markets.

2014 BMW X5 priced starting at $53,725

The 2014 BMW X5 was officially revealed by the automaker about a month ago, but now the pricing has been officially released. The rear-wheel drive X5 sDrive35i starts at $53,725 (all prices include destination and handling) while the all-wheel drive xDrive35i will start at $56,025. These models come with BMW's 3.0-liter twin-turbo inline-six laying down 300 hp and 300 lb-ft of torque.

Saab's latest factory shutdowns 'just a blip'

Saab’s liquidity crisis is a short-term ‘blip’, according to sources close to the company. Production at its Trolhattan plant in Sweden has been halted several times in the past fortnight, by suppliers refusing to deliver parts because of unpaid invoices. However, the company is confident that the impasse will be resolved soon.