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NEVS completes Saab purchase

National Electric Vehicle Sweden AB (NEVS) has completed the purchase of the assets of Saab, but can’t use the Griffin logo. It looks like the Chinese, Japanese, Swedish Consortium NEVS has finally completed the process of acquiring the assets of bankrupt Saab, but it hasn’t quite got all it wanted. We reported last week that the process of acquiring Saab had been delayed as there were still issues over the rights to the Saab log, a logo owned by Scania and Saab Aerospace.

MINI First introduced

MINI has a new budget model - The MINI First With all things Eco the flavour of the month, and with budgets stretched in households everywhere, a cheap, entry-level budget MINI is a tempting prospect. You still get the iconic shape, and you still get a very good chassis – which translates in to good handling and a decent ride – but you’re not paying a fortune for the fripperies. After all, there are MINIs that will set you back £25k (the MINI JCW Cabriolet), but the new MINI First is a very tempting £10,950.

Honda and Acura to extend incentives on out-of-stock vehicles

Honda has told its U.S. dealers to honor discount offers on models that aren't in stock in a bid to keep customers from buying from rivals as the automaker copes with shortages caused by the March earthquake and tsunami in Japan. The new program is called the Honda Promise, according to news-service reports.