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Saab gets latest lifeline via $5 million infusion from Chinese company

Saab has been on the edge of collapse since a cash shortage early this year forced it to halt production. Now Automotive News reports that a last-minute payment from China's Zhejiang Youngman Lotus Automobile has given the Swedish carmaker yet another shot. Youngman wants to get a stake in Saab and has taken the first step by giving the company $5 million to cover tax expenses, with another $26.43 million forthcoming for unpaid salaries and $13.18 million more before the end of December.

Infiniti LE EV is Infiniti’s take on the Nissan LEAF

Infiniti LE - it's the LEAF based Infiniti Electric The Infiniti LE Concept has been revealed in New York, based on the electric Nissan LEAF it’s expected to arrive in showrooms in 2014. As far back as October 2009 – when the Nissan LEAF EV was first revealed - we learnt that Nissan were planning the LEAF to be just the start of their EV adventure and that they were planning more electric cars built on the same underpinnings as the LEAF and one of those would be an Infiniti. And here its is, the Infiniti LE.

Production BMW i3 EV teased ahead of reveal

BMW are teasing the production version of the i3 with this silhouette We’re sure there will be a few surprises in store when BMW finally reveals the production version of the electric i3 at the end of July, but does it really warrant a tease? The small BMW i3 City Car has been around since BMW revealed it as a concept (and changed its name from Megacity Vehicle to i3) two years ago. And the production i3 will be revealed two years to the day from the arrival of the i3 concept, on 29th July.