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Volvo plans to polish its image with styling, high-tech engines

Volvo's brand image is stuck somewhere between "premium" and "luxury," but the Swedish automaker aims to move further upscale with a fresh design language and a new generation of vehicles powered by more fuel-efficient engines. New mid-sized and large models will begin arriving in 2014 based on Volvo's lightweight SPA platform. The vehicles will use Volvo's coming generation of smaller four-cylinder engines.

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.

NYC approves Ford Transit Connect for taxi fleet

New York signed off on the Ford Transit Connect to be used for taxi service, paving the way for the nation's largest city to begin switching to the small van in place of the aging Crown Victoria. The move was announced Thursday after a public hearing; New York joins Boston, Philadelphia and Chicago on the list of major cities that have approved the vehicle for taxi service. The Transit Connect (and Taurus sedan) is approved for use now, but a Nissan van will become the exclusive vehicle in 2013.