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World’s oldest unrestored Austin Mini up for grabs

1959 Austin Mini Seven De Luxe - up for grabs A 1959 Austin Mini Seven De Luxe – thought to be the oldest surviving un-restored Mini – goes under the hammer this month. When you look at these photos of the 1959 Austin Mini Seven De Luxe it’s hard to believe it has anything in common with the BMW MINI, but it has. Without the BMC Mini , the BMW MINI wouldn’t exist.

Jaguar XE / Jaguar F-Type spied

Jaguar XE Spied - looking like a chopped XK To be honest, we don’t even know now whether Jaguar will call their new, smaller sports car the Jaguar XE or Jaguar F-Type, as there’s talk of them ditching the iconic Jaguar badging in favour of a Germanic numbers-based moniker across the range. But whatever Jaguar do finally decide to call their new small sports car, we know it’s officially in the planning and has been for more than a year. And now it’s out playing, albeit wrapped up in a chopped XK.

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.