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Saab: Muller seeking €600 million Chinese Bank loan to placate GM

Saab €600 seeking million China Loan Victor Muller is seeking a €600 million loan from a Bank in China to allow Saab to survive and circumvent GM’s objection to Chinese ownership. We’re not sure if this is ‘Plan B’ or whether we’re way beyond that now. But the latest ‘Save Saab’ pitch from Victor Muller is to acquire a €600 million loan from a bank in China to save Saab.

Volkswagen Taigun poised for production

Update: We've added a video of the VW Taigun in action. Check it out below. Volkswagen has moved a step closer to joining the small-SUV ranks -- it will produce its compact Taigun, VW sources told Autoweek.

Former auction-house owner Kruse facing Pennsylvania theft charge

Former auction house owner Dean Kruse surrendered to northern Indiana authorities last week to face a theft charge in Pennsylvania, where he is accused of failing to pay a man $38,000 for selling an antique hearse. The Associated Press, citing The Herald Republican of Angola, Ind., said that Kruse, 69, was released Aug. 31 from the DeKalb County Jail in Auburn, Ind., after posting a $5,000 bond.