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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 Yesterday’s Saab episode surrounded Pangda Chairman Pang Qinghua stating that the Saab deal was no longer valid since Saab went in to court protection in Sweden, raising the prospect of one of Saab’s creditors pushing the bankruptcy button rather swiftly.

EPA calls for lower-sulfur gasoline

The EPA proposed a package of rules Friday that includes cleaner gasoline and stricter limits on pollution from the tailpipes of cars, despite objections from the oil industry. The rules, known as Tier 3, have been supported by car companies because they would bring U.S. standards into alignment with those of California, where gasoline must have a lower sulfur content to help reduce tailpipe emissions.

Volvo tuner Polestar reveals production S60 and V60 models

It's not every day that we can tell you about a performance-tuned station wagon that is actually coming to the U.S., but today is one of those rare days. Volvo racing and aftermarket tuning specialist Polestar has revealed details of their production versions of the V60 wagon and the S60 sedan, which are bound for the U.S. The S60 and V60's 3.0-liter T6 engine has been tuned to produce 350 hp and 369 lb-ft of torque, which is said to give it a 0 to 62 mph time of 4.9 seconds, on the way to an electronically limited top speed of 155 mph.