Bankruptcy looms for cash-starved Saab

The future is growing dim for Saab. Reports from Europe say the Swedish courts might soon declare Saab bankrupt--possibly as soon as Wednesday--because the company is out of cash. Saab recently won court protection from its creditors while it waited for funds.

Porsche 911 Safari SUV Crossover heading for Beijing Motor Show

Porsche 911 Safari SUV Crossover heading for Beijing Motor Show Porsche anoraks bemoaned the arrival of the Porsche Cayenne SUV as a sacrilege, but its overwhelming success has allowed Porsche to garner huge profits and plough a chunk of those in to keeping the iconic 911 relevant, appealing and cutting-edge. It’s also allowed Porsche to take the Audi Q5 and turn it in to what appears to be a hugely capable and appealing baby Cayenne in the guise of the new Porsche Macan, but it seems Porsche is planning another SUV step with a model that really does seem a  step too far – a Porsche 911 SUV. Auto Bild’s Motor Revue is reporting that a Porsche 911 Safarai is heading for the Beijing Motor Show in April 2014 sporting bigger wheels and tyres and a raised suspension to deliver a 911 Crossover.

Tata NOT bidding for Saab – but Mahindra are

Tata may not want Saab - but Mahindra do. Despite claims that Tata have placed a bid for Saab, Ratan Tata has said they have not but confirms Mahindra has. Yesterday, in the midst of all the news coming in from Geneva, we heard rumours that Tata had placed a bid said to be worth $350 million for Saab.