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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.

Mitsubishi PX-MiEV II: 2nd Gen PX-MiEV Plug-in Hybrid Crossover at Tokyo

Mitsubishi PX-MiEV II at Tokyo Motor Show As you’ve no doubt realised over the last year or two, Mitsubishi is trying to change from the maker of very able SUVs and quick saloons in to a fluffy bunny car maker by embracing hybrid and electric technology. Which is why we’re getting a second version of the Mitsubishi PX-MiEV at Tokyo. The original PX-MiEV from Mitsubishi arrived two years ago at the Tokyo Motor Show.

Hyundai puts Michel Nandan in charge of WRC effort

Hyundai has appointed former Peugeot WRC technical director Michel Nandan to head up their assault on WRC. As Hyundai matures in to a credible mainstream force, improving brand perception is crucial to its long-term goals and 2012 is all about improving Hyundai’s brand experience and perceptions of the brand. A part of that focus is to take Hyundai back in to WRC rallying with a much modified i20, where Hyundai are hoping for a better experience than they had when they went rallying a decade ago – which should be a given considering the big strides Hyundai has made in its cars in the last few years.