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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.

BMW 328 Hommage concept

BMW used Villa d'Este as the backdrop to unveil the 328 Hommage, a tribute to the historic 1930s Touring Coupe and highly successful road car that celebrates its 75th anniversary this year. Based on the Vision ConnectedDrive, the 328 Hommage sports many ‘details derived from motor racing’ and is built using CFRP construction to keep overall weight down. Juxtaposing this are sumptuous leather and polished aluminum details.

Video: Rolls-Royce Wraith design process revealed

Rolls-Royce has released a video exploring the design process behind its Wraith fastback, revealed earlier this month at the Geneva motor show. The video is one of a series that look at the Wraith's development process, focusing on the design and performance of the Wraith. Key figures behind its development such director of design Giles Taylor and head of interior design Ian Sheppard feature, explaining how the Wraith evolved the way it did and how the design teams made their decisions.