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Saab halts warranty coverage

Saab has suspended warranty coverage on all of its vehicles in North America. Additionally, new vehicles must be sold "as is," the bankrupt Swedish automaker told its dealers. However, General Motors, Saab's former owner, said Tuesday it would honor warranties on all models sold when it owned the Swedish automaker.

Tesla pays off its government loans

Tesla paid off the last of its $465 million government loans May 22, nine years ahead of schedule, thus outperforming most U.S. college graduates and the vast majority of American homeowners. Tesla used funds from a stock offering to finish the loan with a whopping bank transfer of $451.8 million Wednesday, pointing out that it was “…the only American car company to have fully repaid the government.” Apparently no one at Tesla was even born when Lee Iacocca paid off Chrysler's $1.2-billion government bailout ahead of schedule back in 1983.

Peugeot 107 facelift (2012) unveiled

The Peugeot 107 gets a facelift for 2012 Peugeot has revealed a facelift for the 107, with new exterior styling, increased specification and reduced Co2.  The Peugeot 107 is a fun little city car, as we discovered when we reviewed the Peugeot 107 in 2010,  but it’s now getting towards the end of its life, with an all new car due in 2013. But to keep things fresh Peugeot has revealed a facelift for the 107 for 2012 to keep it selling through to the end of its life. That means a new nose, better interior and improved emissions and economy.