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Saab finds a buyer

Bankrupt automaker Saab has found a buyer. But instead of picking up where the Swedish firm left off, the buyer plans to use Saab's resources for the production of electric cars. The new owners of Saab, a Chinese-Swedish investment group with Japanese backing called National Electric Vehicle Sweden AB (NEVS), did not release details on how much it paid for Saab or how much it planned to invest in the company.

2014 Kia Forte sedan pricing set at $16,700

UPDATED: The base 2014 Kia Forte sedan will cost $16,700 including destination when it goes on sale next month, fitting slightly below its compact competitors. Kia is touting the 2014 Forte as the least expensive in its class, and the compact sedan does in fact cost $80 less than the redesigned 2013 Nissan Sentra at $16,780, $90 less than the new 2013 Dodge Dart at $16,790 and $225 less than the 2013 Ford Focus sedan at $16,995. The new price is a slight increase from the 2013 model, which cost $16,175 after shipping charges.

MPs call for parking charge reports

COUNCILS should publish annual parking-charge reports to show where revenue comes from and where it is being used, MPs said today. The use of parking charges and fines specifically to raise revenue was "neither acceptable nor legal" said Louise Ellman, chairman of the House of Commons Transport Committee. Launching a report by her committee into local authority parking enforcement in England, Mrs Ellman said: "There is a deep-rooted public perception that parking enforcement is used as a cash cow, so it's essential that local authorities apply stringent transparency." The committee said local authorities in England had a collective parking surplus in the hundreds of millions of pounds, but that the exact amount was subject to debate.