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Renault cuts back UK range, axes Laguna, Espace, Modus

Renault UK today announced a dramatic shake-up of its range – it's axing all sales of the Laguna, Espace, Modus, Wind and Kangoo in the UK from February 2012. It's part of a big drive to improve profitability in Great Britain. It plans to stop the majority of its rental and Motability sales to improve profitability.

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.

Bentley to show Hybrid Concept at Beijing motorshow

Bentley is using the Beijing motor show to reveal the Bentley Hybrid Concept. It will preview the company's first plug-in model, with the powertrain expected in a Bentley SUV debuting in 2017. The technology will be demonstrated in Beijing on the flagship Bentley Mulsanne.