Porsche 718 Cayman Gt4rs Soul Valved Exhaust System on 2040-parts.com

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.

Company cars linked to speeding

COMPANY CAR drivers are far more likely to exceed the 70mph motorway speed limit than private motorists, according to an RAC survey. As many as 88% of those behind the wheel in firms' vehicles regularly exceed the limit compared with 67% of private motorists. Also, 62% of company of company car drivers said they reached speeds of 80mph on motorways, almost double that of regular motorists (32%).

Toyota: Fixes are working on recalled vehicles

Toyota maintains that the fixes being made to correct unintended acceleration in millions of recalled vehicles are sufficient. But at a press event Monday, company officials said they are willing to bring in as many independent researchers as needed to resolve the issue once and for all. “We don't think there is a ghost issue out there,” said Kristen Tabar, general manager of electronic systems at the Toyota Technical Center in Ann Arbor, Mich.