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Chinese bank may join Saab rescue deal

Saab's owner, Swedish Automobile, said on Monday it is discussions with a bank in China and Chinese automaker Zhejiang Youngman Lotus Automobile over a rescue deal for Saab. Reports had said on Sunday that the Bank of China would replace China's Pang Da as an investor in Saab, which is under bankruptcy protection. Swedish Automobile confirmed Monday that it is talking with Youngman and a bank in China about an equity interest, but did not name the bank.

Local Motors XC2V design competition winners announced

The winners of the Local Motors XC2V design competition have been announced. Created in partnership with the Defense Advanced Research Projects Agency (DARPA), the brief called for individuals to co-create a vehicle body design for two different missions – Combat Reconnaissance and Combat Delivery & Evacuation – based on Local Motors' tubular steel chassis. The goal was to create a fast, lightweight, highly capable vehicle that would be suitable for various field missions.

Jaguar XJ Convertible. Really.

Jaguar XJ Convertible - it's real and not a Photoshop You do have to ask yourself if the world wants a Jaguar XJ Convertible. Not just an XJ Convertible, but a long wheelbase XJ Convertible. Instinct says no, a convertible XJ is a bad idea.