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Toyota ditches Corolla badge

By Phil McNamara Motor Industry 30 July 2006 12:16 The Corolla brand is going the same way as Oldsmobile, Jif and Marathon – to the knacker's yard. It may be the most venerable nameplate in motoring history, but Toyota is ditching the Corolla badge in western Europe. The latest incarnation of the Japanese family car will be unveiled at the Paris motor show in September 2006, but it won't be wearing the Corolla logo.

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.

Artega SE & GT (2011) at the Geneva motor show

German sports car maker Artega brought the current GT and the SE, an electric version of the obscure man’s Cayman, to the 2011 Geneva motor show. Artega… remind me who they are again? Artega was founded in 2006 in Dalbruch, Germany with the involvement of Karl Heinz Kalbfell, a well-known industry executive formerly of BMW, Rolls-Royce, Alfa Romeo and Maserati (he’s now at Lotus).