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Saab appoints North American administrator, prospects darken

Saab has appointed an outside administrator to oversee its business in North America and the potential wind-down or sale of the company if its parent operations can’t emerge from bankruptcy. The move was announced on Wednesday afternoon by Saab North American COO Tim Holbeck as the company’s future remains uncertain. McTevia & Associates, a management and financial-consulting service with offices in suburban Detroit and Florida, is the administrator.

Jaguar sports hatch is inspired by R-D6 concept

Jaguar plans to add a dramatically styled sports-hatch model to its lineup beginning in 2014. To be priced from about $60,000, the sports hatch on the drawing board was inspired by the R-D6 concept first shown at the 2003 Frankfurt motor show. The R-D6 design, which had been considered an ill fit for the brand's traditional sedan/sports-car image, is now gaining support at the highest levels of the company as it forges an independent future under Indian owner Tata.

Renault looking to 'relaunch the 5 below Clio'

Spurred on by the success of BMW's Mini, Fiat's 500 and VW's Beetle, Renault is actively considering the relaunch of the 5 to slot below the Clio, CAR has learned. However, a new Renault 5 would not be a retro car, according to senior sources in Paris. 'We have no retro cars in our plan,' said our mole.