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Kia Rio (2011) first official pictures

Kia is going to be busy at the 2011 Geneva motor show: it will show off the new Rio, as well as the Picanto. These are the first official pictures of the Rio, a smart, very European-looking rival to the Fiesta/Corsa/Polo ancien regime. The new 2011 Kia Rio is bigger in every dimension, apart from height.

Saab gets approval for voluntary reorganization on appeal

...and Victor Muller smiles Victor Muller never says die, and the news that Saab has, after all, been granted the right to court protection from its creditors for a period of reorganisation has vindicated his stubborn refusal to give up on Saab. The Court of Appeal in Gothenburg has this morning overturned an earlier judgement by the District Court in Vänersborg which rejected Saab’s application to get the court’s protection during a period of ‘reorganisation’, which you can read as ‘Waiting for the dosh to arrive from China’. The news last week that Rachel Pang – a director of Pang Da, one of Saab’s putative investors – has come out in a very bullish way about the prospects for the investment by Pang Da and Youngman getting the final rubber stamp from China’s NDRC in Beijing won’t have harmed Saab’s case one bit.

Electric cars can become electricity banks

Ever try to store electricity? It won't stay in a bottle, and you can't keep it in your sock drawer. So when you have a lot of it--say, when it's windy and your wind turbines are really spinning, or when it's sunny and your gallium arsenide photovoltaics are lighting up, or at night when the utility's generators can run unhindered--you have to store it somewhere.