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Saab reportedly bought by Chinese-led consortium

A Chinese-controlled consortium has completed a deal to buy the assets of bankrupt Swedish carmaker Saab, media reports said. National Electric Vehicle Sweden (NEVS) will pay 1.5 billion to 1.8 billion kronor ($210 million to $250 million) for Saab, excluding spare parts company Saab Automobile Parts AB, according to reports in Sweden. NEVS did not confirm the reports.

Vauxhall Promotes ‘Black Box’ Insurance Tech For Young Drivers

CASH-STRAPPED young drivers rejoice – Vauxhall is to offer drivers between 18 and 20 one year’s insurance cover for a one off payment of £99. To qualify you’ll need to opt for one of Vauxhall’s Corsa Excite or Limited Edition models. The car maker is teaming up with insurance provider ingenie, and each car is fitted with ‘black box' technology which monitors driving style, including speed, acceleration, braking and cornering.

New Porsche 911 Club Coupe revealed

New Porsche 911 Club Coupe - just 13 being made Porsche built its first car in 1948 and it took just four years for the very first Porsche Club to arrive - Porsche Club Westfalen. To celebrate 60 years of Porsche Clubs, Porsche is building a very limited edition 911 – the Porsche 911 Club Coupe – which will be revealed at  the opening of a special exhibition at the Porsche Museum in Stuttgart tomorrow – 26th May 2012 – and just thirteen 911 Club Coupes are being built. Although the collaboration between Porsche Clubs and Porsche Exclusive will yield thirteen cars just twelve will be up for grabs and they will be allocated by ballot, with the thirteenth car staying in the Porsche Museum.