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BMW Art Car Collection premieres online with video tour

The BMW Art Car Collection has made a global debut on the Internet, with a virtual video tour that gives an overview of each car and outlines the collection's development since 1975. Photo and video content are included in the tour for each of the 17 art cars, at www.bmw-artcartour.com. "Whilst the originals are often exhibited individually at the BMW Museum in Munich or at significant cultural institutions throughout the world, people are now able to discover the BMW Art Cars in their entirety," BMW spokesman Bill McAndrews said.

Saab unable to pay wages as financing crisis deepens

Saab's money troubles have worsened to the point that the struggling car maker is unable to pay its employees' wages on the eve of the Swedish mid-summer vacation period.In a brief official statement last night, Saab's parent company Swedish Automobile N.V (formerly Spyker Cars) announced that it was 'will be unable to pay the wages to employees as it has not yet obtained the necessary short-term funding.'  While Swedish Automobile and Saab continue to pursue options for securing short-term financing to solve the cashflow crisis, the company admitted 'there can however be no assurance that these discussions will be successful or that the necessary funding will be obtained.' Saab share prices tumble, Swedish government will not intervene Reaction to the worsening financial crisis from stakeholders has been predictably bleak. Swedish Automobile's shares dropped 61% in value yesterday, and are currently trading at 0.948 euro. The Swedish government, already guaranteeing a €400m loan to Saab by the European Investment Bank, shows no inclination to bail-out Saab, which employs 3800 staff.

Hyundai Genesis is practically autonomous on ‘Empty Car Convoy’ (video)

The Hyundai Genesis driver makes his escape The new Hyundai Genesis is a proper poke by the Koreans at the big, luxury end of the car market, and as such it comes equipped with plenty of luxury features and high-end technology. So with a new Genesis to promote, Hyundai thought it would be a bit of a wheeze to demonstrate just how good many of the driver assist technologies are on the new Genesis, to the point where it is capable (with a bit of fiddling) of being autonomous and safe. Hyundai lined up a convoy of six stunt drivers in the new Genesis saloon at their test track in the Mojave Desert, engaged adaptive cruise, lane hold and automatic emergency braking and set it off round the test track.