1960 Corvair Distributor Delco Remy 1110252 on 2040-parts.com

Saab is sold again: two Chinese makers buy Saab

Chinese car makers Pang Da and Youngman today agreed to buy Saab in its entirety from Swedish Automobile. It's the latest extraordinary twist in the saga of Saab, which has been technically bankrupt since September 2011 and built just 11,000 cars this year. The deal, which will see the Chinese car makers pay €100 million for Saab, has not yet however been signed and sealed.

Infiniti M

Less than two years after the mid-life facelift of its 'M' series luxury sedan range, Infiniti has taken the wraps off an all-new 2011 version. Launched 'virtually' at the recent Pebble Beach Concours d'Elegance, the third-generation M is scheduled to be publicly unveiled later this year bearing toned-down styling cues from the company's Essence concept. The influence of the Essence is most apparent in the sedan's undulating character line and the way that the hood plunges down to meet a low-set front grille complete with concave outer edges.

Used car sales return to pre-recession levels

USED CAR SALES reached 7.1 million units in 2012, on a par with pre-recession levels and a climb of 6.4%, according to a comprehensive market report. The 2013 BCA Report by British Car Auctions valued the used car market a £38.1 billion in 2012, putting it £5.8 billion ahead of the new car market over the same period. In particular sales of younger used cars (0-2 years) increased significantly, rising by 18.6% to 762,000 and reversing a three year trend of falling volumes in this age sector.