L'argus European Design Competition 2004 announced

French magazine L'argus de l'automobile has launched its 3rd European Design Competition , with the theme: "Imagine the convertible utility vehicle" The competition has been run since 2002, asking students at European design schools to design original utility vehicles. The 2003 competition recieved more than 350 submissions from students of Europe's best schools of art and design. This year there are two major new features: extension of the competition to design students in the new European Union countries, and greater freedom for entrants, with a theme allowing more room for creativity.

Vettel and Webber make it a 1-2 for Red Bull in China

Red Bull's Vettel and Webber celebrate their 1-2 in Shanghai [ad#ad-1] This is the most topsy-turvy start to a Grand Prix season in many a year. First we have a rookie team – Brawn GP, which didn’t even exist a few weeks ago – taking the lead and winning the first two races of the season. And now, in Shanghai at the Chinese Grand Prix, Red Bull has achieved its first ever F1 win with a stunning 1-2 by drivers Sebastian Vettel and Mark Webber After two days of high temperatures and sunshine the Shanghai Grand Prix set off in a procession behind the safety car in torrential rain, and stayed that way for the first eight laps.

Saab secures more funds as it seeks to avert collapse

Saab parent Swedish Automobiles has found another financial lifeline in China as the struggling carmaker faces possible legal action from unions over unpaid wages. In a statement this morning, Swedish Automobiles announced that an un-named Chinese firm has placed an order for 582 Saab vehicles, valued at 13 million Euro (£11.5m) with full pre-payment 'expected to be made this week'.  Saab plans to use the funds to pay wages and begin partial payments to component suppliers in order to restart production. Saab's financial crisis: the current situation.