Saab gets more cash from China partner

Saab has received another cash boost from its new China partner Pang Da with an additional order for 630 cars, worth 15 million euros or $21.7 million at current exchange rates. The order comes on top of an order for 1,300 cars worth $43.3 million (30 million euros) received by Saab from Pang Da in May. The Chinese company will pay in advance for the order and delivery of the vehicles will start in the third quarter, Saab said.

Hyundai to eschew electric cars

Hyundai Blue2 is Hyundai's future - not electric cars We were beginning to think that we were a lone voice in the wilderness crying about the futility of the headline dive in to developing electric cars. But we’re not – Hyundai has decided to eschew electric car development. Hyundai has declared that in future they are to concentrate on hybrid car development (which we still feel offers a negative cost/benefit advantage for cheaper cars) and hydrogen fuel cells – of which we approve enormously.

Chevrolet Volt (2010) teaser pictures

By Ben Oliver First Official Pictures 17 August 2008 17:39 General Motors has revealed teaser images of the production version of its radical Chevrolet Volt plug-in hybrid. The styling echoes the new Chevy Malibu saloon, and the designers claim to have added seven miles to the Volt’s electric-only range by smoothing some of the edges and creases in the original shape. They claim the Volt will now travel 40 miles on electric power, enough for the daily needs of 70 percent of American drivers.