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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.

LA Design Challenge 2009

The LA Auto Show has just announced the competitors in its 6th annual Design Challenge. The entries - coming from the Southern California design studios of Audi, General Motors, Mazda, Nissan and Toyota - all revolve around a set theme which asked designers to envision the ultimate ‘youthmobile' for the year 2030. Automobiles have always played an important role in Southern California, enhancing the social lives of youth and acting as a means of self expression.

CCS students tackle GM project

Seniors studying Transportation Design at the College for Creative Studies (CCS) in Detroit, Michigan, have recently completed a project with General Motors that has been underway since late 2009. General Motors challenged the students to design an Extended Range Electric Vehicle (EREV) that focused on the brand identity of Buick, Cadillac or Chevrolet, utilized the EREV components, and optimized aerodynamic attributes. Design features that incorporated sustainability materials and efficiency were also considered important components of the design development.