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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.

Many enthusiast rides post strong sales in 2010

The fast and the luxurious models from a wide range of carmakers sold briskly in 2010, offering heart to enthusiasts that their favorite drives have bright outlooks and that the auto business is on the rebound. Let's start with the muscle cars: As predicted in December, Chevrolet's Camaro sales topped the Ford Mustang's numbers for the first time in 25 years. In the Camaro's first full year since production ended after the 2002 model year, Chevy rung up 81,299 Camaro sales, beating Mustang by 7,583 cars.

BMW X4 Leaks

We have the first official photos of the BMW X4 SUV – the ‘Lifestyle’ version of the X3 – which we expect to debut at the Shanghai Motor Show this month. We have the first leaked images of the X4 that show a BMW X3 with the same sort of treatment as the X5 got to turn it in to the X6, and create what BMW like to call an SAC – a Sports Activity Coupe. Apart from the changes to the body – and less room in the back – you can expect the X4 to offer much the same under the skin as the X3 – albeit at a premium price – which will mean – for the UK at least – will mean everything from an X4 xDrive 18d SE through to an X4 xDrive 35d M Sport.