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Saab gets small payment from Youngman after yesterday’s ‘misunderstanding’

Saab gets a small payment from Youngman What on earth are we going to do once the Saab Saga is resolved? The machinations and misunderstandings surrounding Victor Muller’s increasingly desperate quest to keep Saab alive has probably provided more stories than almost anything else this year. Yesterday’s Saab episode surrounded Pangda Chairman Pang Qinghua stating that the Saab deal was no longer valid since Saab went in to court protection in Sweden, raising the prospect of one of Saab’s creditors pushing the bankruptcy button rather swiftly.

Guzzler program still operating; White House searches for funds

The federal cash-for-guzzlers program continues to operate this morning despite dealer reports that it was to be suspended at midnight last night because it was approaching its $1 billion limit. "It is not suspended," a White House spokeswoman, who asked not to be named, said in an interview today. "We continue to assess the program and its budget." National Automobile Dealers Association spokesman Bailey Wood said Thursday that the group had been told by Transportation Department officials of plans to suspend the program after just six days.

Aston Martin AM310 makes a quiet debut at the Concorso d'Eleganza Villa d'Este

The Concorso d'Eleganza Villa d'Este is more than a celebration of classic automotive design. It's also a great opportunity to view cutting-edge concept vehicles. This year's event saw the debut of the BMW Zagato coupe concept, and the Alfa Romeo 4C concept took home the concours' coveted “Design Award for Concept Cars & Prototypes.” You'd never know it based on the official coverage (or lack thereof), but Aston Martin also unveiled a concept at the concours.