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Saab secures more funds as it seeks to avert collapse

Saab parent Swedish Automobiles has found another financial lifeline in China as the struggling carmaker faces possible legal action from unions over unpaid wages. In a statement this morning, Swedish Automobiles announced that an un-named Chinese firm has placed an order for 582 Saab vehicles, valued at 13 million Euro (£11.5m) with full pre-payment 'expected to be made this week'.  Saab plans to use the funds to pay wages and begin partial payments to component suppliers in order to restart production. Saab's financial crisis: the current situation.

BMW Toyota diesel engine deal not for Lexus

Lexus won't get BMW diesel engines despite the Toyota deal The deal for BMW to supply Toyota with diesel engines for its range in Europe will not extend to Lexus models. The deal for BMW to supply diesel engines to Toyota for Europe (and joint work on advanced lithium ion battery technology) makes a lot of sense. BMW’s diesel engine are possibly the best there are, and Toyota need good diesel offerings in Europe to mop up sales.

Jaguar plots new flagship coupe as XK bows out (2014)

By Ollie Kew and Georg Kacher Motor Industry 10 March 2014 15:00 Jaguar has announced that the XK will cease production in summer 2014. The Ian Callum-penned coupe and convertible models, which have jointly sold more than 54,000 units since arriving in 2006, have been canned with no direct replacement in the pipeline. Instead, Jaguar is plotting a stunning £110,000 flagship to rival the Aston Martin DB9 and Bentley Continental GT.