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Porsche 918 Spyder hits the Nurburgring (video)

The Porsche 918 Spyder – Porsche’s hybrid replacement for the Carrera GT – has been caught on video at the Nurburgring. Incredibly, it’s more that two years since Porsche took the wraps of the 918 Spyder at the 2010 Geneva Motor Show, yet we’re still more than a year away from actually seeing production cars. But Porsche are putting their time to good use. Porsche has made a few cosmetic tweaks already from the original 918 Concept, but they’ve also let it be known that the 918 Spyder will get a 550bhp 4.6 litre V8 to go with its electric motors on the front wheels  (one less motor than originally envisaged – there was going to be one one the back axle too), which will make the 918 Spyder a FWD Porsche when in EV mode.

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.

MP slams ministerial cars 'waste'

MINISTERS have been accused of wastefulness by having their official cars sitting outside Parliament with the engines running. Labour MP Thomas Docherty said he had seen Government cars sitting in New Palace Yard - one of the main thoroughfares in and out of the Palace of Westminster - for more than an hour with their engines turned on. Commons Leader Andrew Lansley said he had not noticed the problem on his frequent visits in and out of the palace.