Standard Motor Products 9887 Ignition Wire on 2040-parts.com

Saab gets latest lifeline via $5 million infusion from Chinese company

Saab has been on the edge of collapse since a cash shortage early this year forced it to halt production. Now Automotive News reports that a last-minute payment from China's Zhejiang Youngman Lotus Automobile has given the Swedish carmaker yet another shot. Youngman wants to get a stake in Saab and has taken the first step by giving the company $5 million to cover tax expenses, with another $26.43 million forthcoming for unpaid salaries and $13.18 million more before the end of December.

GM improves, Toyota slips as industry sales decline eases

Ford, Honda and General Motors posted their smallest sales declines of the year in April, while Nissan and Toyota had their largest, as the industry improved from depressed levels of February and March. Drops of 33 percent at Ford Motor Co. and GM were in line with analysts' forecasts, as was American Honda's 25.3 percent slide.

Porsche big up the Panamera S E-Hybrid (video)

The Porsche Panamera S E-Hybrid (pictured) is a performance Porsche too We’ve long seen hybrids, and plug-in hybrids, as the perfect performance weapon for high-end cars, where the addition of an electric motor offers an unbeatable combination of power and economy. That’s the line that Porsche are taking with the new Panamera S E-Hybrid, and they demonstrated that recently by revealing that the new E-Hybrid managed to average 62mpg in the hands of a bunch of motoring journalists on a test day. Which is an impressive number for any car in the hands of a group of people with lead-lined right feet and clearly demonstrates that the Panamera Hybrid really can do silly mpg even in the real world.