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Saab finds a buyer

Bankrupt automaker Saab has found a buyer. But instead of picking up where the Swedish firm left off, the buyer plans to use Saab's resources for the production of electric cars. The new owners of Saab, a Chinese-Swedish investment group with Japanese backing called National Electric Vehicle Sweden AB (NEVS), did not release details on how much it paid for Saab or how much it planned to invest in the company.

McLaren P13 set to arrive in 2014

The next new car from McLaren – codenamed P13 and set to take on the Porsche 911 and Audi R8 – now looks set to arrive in 2014. McLaren’s plans for a new range of road cars have been in play for a number of years, and we initially expected the 12C to arrive first to take on the Ferrari 458, which it did, followed by a cheaper McLaren set to take on cars like the Porsche 911 and Audi R8. We got the McLaren MP4-12C (which McLaren now like us to call the 12C) followed by the 12C Spider – just as we first thought - but it seems McLaren was under pressure from its new dealer network to get the replacement for the legendary F1 out next, so McLaren switched tack and delivered the new McLaren P1.

GreenGT H2 completes first laps ahead of 2013 Le Mans

Are we entering the era of the eco-friendly racing car? French outfit GreenGT could be spearheading the push, with the announcement its new H2 hydrogen racing car has completed its first successful racing laps testing at the Magny-Cours circuit in France. The wacky-looking hydrogen hybrid racing car will compete in the 2013 Le Mans 24 Hours endurance race, filling the ‘experimental competitor’ pit garage vacated by the radical-looking 2012 Nissan DeltaWing.