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Saab says three new models are in the works

Saab says a new financial deal with Chinese companies Pang Da and Zhejiang Youngman Lotus gives it the cash to plan three new models. Saab's plan calls for: -- The 9-1, an entry-level car that has been known as the 9-2 until now. -- The 9-6 and the 9-7, which Saab says will be prestige vehicles.

NY Times reporter says he followed Tesla's advice

A New York Times reporter says he was following the advice of Tesla employees when he drove an electric Model S sedan beyond its indicated range in an effort to reach a recharging station. Responding to a blog post by Tesla Motors CEO Elon Musk highly critical of his original article, Times reporter John Broder on Thursday said he did not set out to sabotage the test drive -- refuting one of Musk's most-damning points. Broder also refutes Musk's claim that he drove the car around a parking lot in a deliberate attempt to fully discharge the battery -- Broder says he was looking for the recharge station in a poorly lighted rest stop at night.

Chrysler says it needs another $2 billion in aid

In submitting its viability plan to the federal government on Tuesday, Chrysler asked for an additional $2 billion beyond the $7 billion in loans it sought late last year and outlined further steps to cut costs. Chrysler said it will reduce fixed costs by an additional $700 million, cut 100,000 more units of production capacity, discontinue three more model lines and sell $300 million more in assets.