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2014 Mitsubishi i-MiEV receives $6,130 price cut

If you thought that pure-electric cars were still too expensive to make sensible alternatives to gas or diesel cars, Mitsubishi is about to deal another blow to that notion. The electric powered i-MiEV is coming back to the U.S. for the 2014 model year, and Mitsubishi has slashed $6,135 dollars off the price.

Koenigsegg Agera R World Speed Records now official (video)

Koenigsegg Agera R gets Guinness World Speed Record - Video One of the speed records set back in September by the incredible Koenigsegg Agera R has now been ratified by Guinness - 0-300-0 km/h (0-186-0 mph) in 21.9 seconds. As we say every time Koenigsegg jumps in to vision with another bonkers car or speed feat, we’re amazed at just what a handful of men with beards (except Christian von Koenigesgg – who doesn’t seem to have a hair to his name) can do from a shed in the snow of Sweden. What makes Koenigsegg even more impressive is that it’s not just that they  produce a stunning looking hypercar, but that they do it all themselves.

Saab files for Bankruptcy

Saab Bankrupt It looks like Victor Muller’s dream of saving Saab is over with Saab shares suspended and the company filing for bankruptcy. Saab has produced nothing since April and has lurched from crisis to crisis ever since. Victor Muller has pulled every trick he knows – and some he didn’t know he knew – to keep Saab afloat, but it looks like it’s all for nothing.