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Saab: Turkey’s Brightwell Holdings & China’s Youngman vie for Saab

Will Saab end up in Turkish or Chinese hands? Despite its bankruptcy, it seems China’s Youngman and Turkish equity form Brightwell Holdings ar planning on staging a bid. Saab may be bankrupt – and its car heritage from the Saab Museum up for sale – but that hasn’t stopped interest in Saab as a viable car maker from prospective suitors.

Saab: On the edge of oblivion

Saab go in to meltdown We’ve had a statement in from Saab this morning telling us that they are now unable to pay their staff until they manage to get a bit of funding in. Didn’t they just get a pile of Euros in from Panga Da for a boat full of Saabs? According to two previous statements from Saab they received €30 million Euros at the end of May for 1,300 Saabs ordered by Pang Da, and another €15 million for a further 650 cars a week later.

This could be your first autonomous vehicle

While Google's autonomous fleet of robot cars prowls Silicon Valley and gets all the press, the first, or one of the first, truly autonomous vehicles you may ride in could be something like this: The humble, people-moving Navia. Developed by a French company called Induct, the Navia is ringed with laser beams (not frickin' laser beams. Ed.) that help it navigate through city streets or college campuses without the aid of a track in the ground, a rail or even GPS (GPS is not accurate enough, Induct says).