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Saab says asset sale to BAIC gives it cash for a fresh start

Saab believes that a deal to sell some key assets to Beijing Automotive Industry Holdings Co. will help secure the money-losing automaker's future. "The money will finance the new Saab and contribute to a good start under new ownership," Saab spokeswoman Gunilla Gustavs said without revealing financial details of the deal.

Toyota's hybrid sales top one million

By Jack Carfrae Motor Industry 08 June 2007 12:16 Toyota, and its luxury arm Lexus, have notched up more than a million hybrid sales for the first time. First launched in Japan in 1997, the Prius has racked-up 758,000 sales internationally, 13,826 of them in the UK. And a third of the 1,047,000 hybrids built by Toyota found homes in its domestic Japanese market.

Lamborghini produces 2000th Aventador

The Lamborghini Aventador LP 700-4 (LP standing for Longitudinal Position, 700 for hp, and 4 for four-wheel drive) has quite the bloodline of predecessors, featuring a famed list of Italian exotics that most people would have on their dream-car list. Owing its heritage to the likes of the Miura, Countach, Diablo and Murcielago, the Aventador continues to be Lamborghini's halo car and everyone's favorite poster. As production of the coupe, roadster and other various editions continue at Lamborghini's Sant'Agata Bolognese plant, the automaker celebrated a milestone with 2,000 units being made as of Thursday.