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Mobility Ventures builds dealer network for its wheelchair-accessible vehicles

Mobility Ventures LLC, the current builder of the MV-1, says it has now signed more than 50 dealers. The MV-1 is the only American-built vehicle designed from the ground up for people with mobility challenges; it meets or exceeds the Americans with Disabilities Act guidelines as well as all applicable Federal Motor Vehicle Safety Standards (FMVSS). Last year, the original designer and builder of the MV-1 -- the Vehicle Production Group LLC -- was acquired by South Bend, Ind.-based AM General.

Volt, Leaf win top safety rating in crash test

The 2011 Chevrolet Volt and Nissan Leaf electric cars won the highest safety ratings in crash tests performed by the Insurance Institute for Highway Safety, putting them in the top 57 percent of models tested so far this year. About 80 of 140 vehicles tested among 2011-2012 models have received the Institute's "top safety pick," the group's award for state-of-the-art crash protection that exceeds federal safety rules, Institute spokesman Russ Rader said. The Volt and Leaf received a "good" rating -- the highest of four rankings -- on each of four crash tests, said the Institute, which is funded by auto insurers including State Farm, All-State and Geico.

Bankruptcy looms for cash-starved Saab

The future is growing dim for Saab. Reports from Europe say the Swedish courts might soon declare Saab bankrupt--possibly as soon as Wednesday--because the company is out of cash. Saab recently won court protection from its creditors while it waited for funds.