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First new Saab rolls off the production line

A NEW SAAB car has rolled off the Swedish production line for the first time in two and a half years. National Electric Vehicle Sweden, the Hong Kong-based company that bought Saab out of bankruptcy in September last year, presented its new 9-3 Aero at the factory in Trollhattan. The company, also called NEVS, aims to make electric cars under the Saab brand, but said it will also provide petrol cars until "electric cars fully meet customer demands." The first 200 cars will be delivered in spring costing 279,000 kronor (£26,000) each.

GM files plan for stock offering

General Motors Co., moving to unwind itself from government control, on Wednesday filed plans to go public and begin selling common shares as early as this fall. The filing--anticipated for weeks--came just 13 months after GM was restructured in bankruptcy with $50 billion in direct aid from the U.S. government.

New BMW X3 (2011) M Sport Package

The BMW X3 2011 M Sport Package It’s only just over a week since BMW revealed the 2011 BMW X3, an evolutionary makeover for BMW’s middle ranking SAV. And now we get – although not officially from BMW yet – the M Sport Package for the latest X3. The M Sport Package does butch the X3 up a fair bit with new bumpers, body-coloured aprons front and back together with new skirts and wheel arches.