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Saab ends deal with Chinese investors

Saab owner Swedish Automobile scrapped a $340 million investment deal with Chinese automotive companies Zhejiang Youngman Lotus and Pang Da after they proposed a buyout, straying from the original deal. Youngman and Pang Da signed a nonbinding agreement in July to take a combined 53.9 percent stake in Swedish Automobile. The Chinese companies say circumstances have changed since that time, so the deal should too.

Tesla Model S EV UK launch – Tesla considering patent giveaway

Elon Musk (pictured) launches RHD Model S in UK The electric Tesla Model S – probably the only electric car that makes sense – has finally been launched in the UK in right hand drive, with the first five Model S customers taking delivery of their cars. With a starting price of £50,280 (after the £5k taxpayer bribe) the Model S represents a real first for EVs; the first EV that can do pretty much anything an ICE car can, and more beside. With a range of up to 312 miles, seating for up to seven (well, 5+2), low running costs, great performance (0-60mph in 4.2 seconds) low service costs, no VED, no congestion charge and, at least until 2015, no BIK for business users, it’s not only almost as practical as a comparable ICE car it’s massively cheaper to run.

New World Record is not child’s play

THE NATIONAL MOTOR MUSEUM is celebrating its success in setting a new World Record for the longest line of toy cars. To achieve the record, the museum gathered 24,189 model cars and laid them bumper to bumper to create an unbroken line that stretched for 1910-metres. Snaking its way around the museum’s grounds, the line of toy cars more than trumped the previous record of 14,310 toy cars.