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Saab: Muller seeking €600 million Chinese Bank loan to placate GM

Saab €600 seeking million China Loan Victor Muller is seeking a €600 million loan from a Bank in China to allow Saab to survive and circumvent GM’s objection to Chinese ownership. We’re not sure if this is ‘Plan B’ or whether we’re way beyond that now. But the latest ‘Save Saab’ pitch from Victor Muller is to acquire a €600 million loan from a bank in China to save Saab.

Toyota ordered by Japan to address Prius brake complaints

Toyota Motor Corp., already grappling with recalls totaling 8.1 million vehicles on five continents, has been ordered by Japan's Ministry of Transportation to investigate a rash of consumer complaints about braking problems in its popular third-generation Prius hybrid vehicle. The Japanese carmaker has received several complaints about braking in the Prius in both Japan and North America since the end of last year, Toyota spokeswoman Ririko Takeuchi said. She did not say when the directive was issued or how Toyota would respond.

Lexus LS TMG Edition uncovered

Lexus LS TMG Edition We’re starting to think that Lexus has finally woken up to the fact that having some properly good performance cars in their range is a good idea. And the latest indication of that new direction is the very warm super saloon that is the Lexus LS TMG Edition, spotted lurking in a garage near the Nurburgring in between runs round the ‘Ring. The LS TMG Edition apparently sports a 5.0 litre V8 with 641bhp and 524lb/ft of torque, which will be enough to hit a 4.0 second 0-60mph and a top speed of around 200mph.