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Dassault Systèmes Design Challenge finalists announced

Anne Asensio and a team of expert judges have chosen the three finalists of the Dassault Systèmes Design Challenge 2012. 23-year-old Riten Gojiya's project 'Third dimension tour' made the final list, with Josef Ludvík Böhm's 'Aktivní Robotická Ortéza' also making the cut. The judging panel was also very impressed with Jakub Novák's 'Pedalboat' entry, which was enough to secure the final spot in the top three.

Mercedes Electric Drive B-Class at Paris 2012

Mercedes has revealed an electric version of the new B-Class – the B-Class Electric Drive Concept – which will debut at Paris 2012. Mercedes has revealed the electric B-Class in the guise of the B-Class Electric Drive Concept – a name Mercedes say will find its way on to the boot of all electric Mercedes, Smart and Tesla cars – which previews a production version by 2014. Powering the B-Class Electric Drive is the Smart electric Drive powerplant, located in the space normally taken up by the ICE, which offers 134bhp and a healthy 228lb/ft of torque with the batteries to power the electric motor housed in what Mercedes are calling the B-Class’s Energy space ahead of the rear axle.

Saab says it will restart production after securing short-term loan

Saab aims to restart production within a week after its owner, Spyker Cars, secured a 30 million euro ($44.7 million) short-term loan to help ease its cash crunch. Spyker said it will borrow the money from Gemini Investment Fund in a convertible loan agreement with a 6-month maturity. The interest rate of the loan is 7 percent a year and the conversion price is 4.88 euros per share.