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Saab says asset sale to BAIC gives it cash for a fresh start

Saab believes that a deal to sell some key assets to Beijing Automotive Industry Holdings Co. will help secure the money-losing automaker's future. "The money will finance the new Saab and contribute to a good start under new ownership," Saab spokeswoman Gunilla Gustavs said without revealing financial details of the deal.

New MINI to be revealed on 18th November – Sir Alec Issigonis’ birthday

The new MINI will be revealed on 18th November A couple of weeks ago, MINI revealed the MINI Vision Concept at the MINI Design Studios in Munich which previews the new Mk3 MINI, although it wasn’t a physical car, just a projected hologram. But the real new MINI isn’t far from a reveal, and MINI has announced that it will arrive on 18th November, which just happens to be the 107th birthday of the creator of the original Mini – Sir Alec Issigonis. The reveal will take place at the MINI Plant in Oxford with a party in London the same evening to celebrate, and on the 20th November the new MINI will be revealed in public at events in Los Angeles and Tokyo ahead of the Tokyo and Los Angeles Motor Shows.

Nissan Extrem concept bows at Sao Paulo auto show

Wild concepts during auto shows are nothing new, especially from Nissan. The automaker is adding to its reputation with the Extrem small crossover, which debuted recently at the Sao Paulo auto show. The Extrem is wild, but we could easily see it going into production, though Nissan's given no indication of such.