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Victoria Beckham Range Rover Evoque costs £80k

Range Rover Evoque Victoria Beckham - now it's official Land Rover has revealed the Range Rover Evoque with Victoria Beckham in Beijing and announced it will cost £79,995. We revealed the Victoria Beckham Range Rover Evoque yesterday, and Land Rover has now caught up and done the same in Beijing. There isn’t much we didn’t report yesterday on the Evoque Land Rover hope will mop up business from customisers like Kahn and Revere, but what we didn’t know yesterday was how much the Beckham Evoque would cost, but now we do.

Saab gets latest lifeline via $5 million infusion from Chinese company

Saab has been on the edge of collapse since a cash shortage early this year forced it to halt production. Now Automotive News reports that a last-minute payment from China's Zhejiang Youngman Lotus Automobile has given the Swedish carmaker yet another shot. Youngman wants to get a stake in Saab and has taken the first step by giving the company $5 million to cover tax expenses, with another $26.43 million forthcoming for unpaid salaries and $13.18 million more before the end of December.

VW halts merger talk with Porsche

Volkswagen on Sunday slammed the brakes on merger talks with Porsche, just before the first meeting to discuss ways to bring all of the automakers' brands together under one entity. VW said that it made the move because it believes that Porsche doesn't have a solid plan for the merger. VW and Porsche announced the plan to hold merger talks on May 6.