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Saab bidding closed, buyer announced soon

We should know the buyer of Saab soon The Swedish press have been told that the bidding on Saab has now closed and that the successful buyer will be announced shortly. It’s amazing how much interest – and speculation - there is around the demised Saab; so much so we’ve probably reported as much on Saab after its demise as we did when it was in the throes of turmoil. Saab’s administrator, Hans Bergqvist, has revealed that the bidding process is now closed and that he will be talking to Saab stakeholders to discuss the bids and confirm which of the number of bidders is successful.

Audi A7 Sportback to break cover on July 26

The Audi A7 Sportback will be revealed on July 26 in Munich, Audi confirmed on Tuesday. This is the sleek, much-anticipated sedan with a couplelike vibe set to arrive for the 2012 model year. The car was previewed by the Audi Sportback concept in 2009.

Ford invests $1 million in teen-driving program

The Ford Motor Co. Fund is investing an additional $1 million into its no-charge driving-skills program for teenagers, the automaker said on Tuesday. More than 3,000 Americans between the ages of 15 and 19 are killed in crashes each year, according to government statistics.