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Saab: On the edge of oblivion

Saab go in to meltdown We’ve had a statement in from Saab this morning telling us that they are now unable to pay their staff until they manage to get a bit of funding in. Didn’t they just get a pile of Euros in from Panga Da for a boat full of Saabs? According to two previous statements from Saab they received €30 million Euros at the end of May for 1,300 Saabs ordered by Pang Da, and another €15 million for a further 650 cars a week later.

Saab: Forget Pang Da – now it’s Bank of China

Saab - is the Bank of China the White Knight? It’s reported that Victor Muller has now put together a new deal to ‘Save Saab’, involving Youngman and Saab plus the Bank of China. In yet another new deal for Saab, it’s reported this morning that Victor Muller has now put together a new deal to try and save Saab from its (still) imminent desire.

MIT researchers rethink electric-car batteries

Researchers at the Massachusetts Institute of Technology say a new battery design for electric vehicles could be a lightweight and inexpensive alternative. The goal for the team's three-year project, launched in September 2010, is to have a functioning prototype ready to be engineered as a replacement for existing electric-car batteries. At this point in the project, the prototype uses a “semi-solid flow” to separate the two functions of a battery--storing energy and discharging it when needed--into separate physical structures.