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Audi RS3 is revealed, packs 340 hp

WITH VIDEO -- Audi has finally come clean on its RS3 Sportback, revealing photos and information about the four-door hatchback planned for European sale next March. The RS3 uses a turbocharged 2.5-liter inline five-cylinder direct-injection gasoline engine borrowed from the TT RS. The RS3 Sportback will not come to the U.S.

NEVS completes Saab purchase

National Electric Vehicle Sweden AB (NEVS) has completed the purchase of the assets of Saab, but can’t use the Griffin logo. It looks like the Chinese, Japanese, Swedish Consortium NEVS has finally completed the process of acquiring the assets of bankrupt Saab, but it hasn’t quite got all it wanted. We reported last week that the process of acquiring Saab had been delayed as there were still issues over the rights to the Saab log, a logo owned by Scania and Saab Aerospace.

Drivers unmoved by electric cars

SUPPORT for electric cars appears to be failing to spark off real interest from drivers, according to a survey of more than 3,000 motorists. Only 1% of UK drivers own an alternative fuel vehicle (AFV), while CO2 emissions are at the bottom of the checklist when Britons are shopping for a new car, the poll by Auto Trader found. Since January 2011, motorists have been eligible for up to £5,000 upfront cost relief on the purchase of a new electric vehicle but the survey showed that 35% of drivers were unaware of this grant.