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Chinese bank may join Saab rescue deal

Saab's owner, Swedish Automobile, said on Monday it is discussions with a bank in China and Chinese automaker Zhejiang Youngman Lotus Automobile over a rescue deal for Saab. Reports had said on Sunday that the Bank of China would replace China's Pang Da as an investor in Saab, which is under bankruptcy protection. Swedish Automobile confirmed Monday that it is talking with Youngman and a bank in China about an equity interest, but did not name the bank.

2011 Michelin Challenge Bibendum

This year marked the 11th running of the Michelin Challenge Bibendum. For those not familiar with the concept, the Bibendum aims to tackle the prolific issues facing the modern motorist, namely CO2 emissions and fuel consumption. Billed as a forum, the five-day event aims to bring together a variety of sources, manufacturers and suppliers to debate on future mobility.

Fiat 500 Abarth (2008): first official pictures

By Tim Pollard First Official Pictures 20 February 2008 10:00 Watch out Mini, the Fiat 500 – CAR’s car of the year 2007 – is getting the high-performance treatment. The Abarth version unveiled today is pitched as a new interpretation of the Sixties road racer, but can they make a bigger, heavier hatch as exciting as that?The 500 Abarth 2008-style uses the Fiat group’s 16-valve 1.4-litre Fire engine breathing with the assistance of an IHI variable-geometry turbocharger to deliver a warm 135bhp at 5500rpm. So this car won’t challenge the upper echelons of hot-hatchdom that now have to pump out closer to 200bhp to be in contention.