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News watch April 2011: today's auto industry news

Come to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hourFriday 28 April 2011• Due to UK royal wedding national public holidays, CAR Online news coverage will be reduced until CAR reopens on Tuesday 3 May (CAR)• The Saab financial situation continues to develop. Both the Swedish National Debt Office and General Motors are said to have given their approval for the proposed lease-back sale of Saab property to investor Vladimir Antonov.

Make money from your electric vehicle

Imagine if your Nissan Leaf or Mitsubishi iMiEV started earning its own car payment every month in the form of a rebate check from your local utility. A small (for now) startup in Palo Alto, Calif. called EV Grid Inc.

Mitsubishi will offer plug-in hybrid in 2013

Mitsubishi will launch a plug-in hybrid SUV in 2013, the head of the company's electric vehicle business unit said. The SUV will be similar to the Px-MiEV concept car shown at the 2009 Tokyo auto show, said Yoshikazu Nakamura, senior executive officer of Mitsubishi Motors Corp.'s global electric vehicle business. The plug-in hybrid is in its final stages of development, he said.