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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.

Toyota Prius Recall: 30,790 cars in the UK, 1.9 million worldwide recalled

The 3rd generation Toyota Prius (pictured) is being recalled Toyota’s hasn’t had a lot of luck with recalls in the last few years, although the latest recall for the Toyota Prius isn’t quite on the scale we’ve seen for previous recalls. It’s only eight months since the last Toyota Prius recall – which affected around 5,000 Prius models in the UK from 2009 – but this latest recall is a lot more extensive, affecting third generation Prius built from March 2009 to February 2014 and totalling 30,790 cars in the UK and 1.9 million worldwide. The issue is a problem with the hybrid system’s boost converter software, which is used when the car is under heavy load such as accelerating hard from a standstill.

Toyota Ha:Mo – Future City Transport?

Toyota is trialling their vision of future city transport in Toyota City with Ha:Mo using COMS single seat electric cars. With our cities getting ever more congested and pollution a big concern (the NOX and particulates), car makers and local governments are seeking ways to make getting around in a city kinder to the air. London has the ‘Boris Bikes’, but Toyota City – home of Toyota’s biggest factory – is trialling one of Toyota’s visions of future individual transport for our cities – Ha:Mo.