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Saab reportedly bought by Chinese-led consortium

A Chinese-controlled consortium has completed a deal to buy the assets of bankrupt Swedish carmaker Saab, media reports said. National Electric Vehicle Sweden (NEVS) will pay 1.5 billion to 1.8 billion kronor ($210 million to $250 million) for Saab, excluding spare parts company Saab Automobile Parts AB, according to reports in Sweden. NEVS did not confirm the reports.

'Grand Bentley' preview (Video)

Bentley is teasing us with a preview video of its forthcoming 'Grand Bentley', which shows only sections of the car's flowing shoulder, hood and grille. The all-new new car, which will debut at the Pebble Beach Concours d'Elegance this summer, is claimed to be 'exceptional in all respects on the road' as well as 'the purest expression of the Bentley spirit'. It has been designed, engineered and built in Crewe, England and will be the replacement for the aging Arnage.

Mazda MX-5 1989-2014 in pictures: 25 years of everyone's favourite roadster

It's hard to believe but the Mazda MX-5 celebrates its 25th birthday this year, writes Adam Binnie. The occasion will be marked with a special edition model, before the launch of the fourth-iteration MX-5 in September 2014. The MX-5 earned the title of 'bestselling two-seater sports car of all time' from Guinness World Records in May 2000, after global production reached 531,890 units.