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Chinese bank may join Saab rescue deal

Saab's owner, Swedish Automobile, said on Monday it is discussions with a bank in China and Chinese automaker Zhejiang Youngman Lotus Automobile over a rescue deal for Saab. Reports had said on Sunday that the Bank of China would replace China's Pang Da as an investor in Saab, which is under bankruptcy protection. Swedish Automobile confirmed Monday that it is talking with Youngman and a bank in China about an equity interest, but did not name the bank.

BMW recalls the X3 for steering fix

BMW is recalling 50 units of the 2011 BMW X3 for a potential power-steering problem. According to the National Highway Traffic Safety Administration, a control module in the electric power-steering unit might malfunction, resulting in a sudden loss of power-steering assistance, which could lead to a crash. The suspect X3s were built between April 27 and June 8, 2011.

Jaguar tells design story behind new XF Sportbrake [w/video]

Jaguar has released a walk-through of the design of its new XF Sportbrake, which debuted at last week's Geneva motor show. The video features Jaguar design boss Ian Callum and Studio Director Wayne Burgess explaining how the design team managed to keep the company's first official estate car in line with the sportiness and luxury nature of Jaguar brand. Callum says, "I know it's a very practical car, there's an amount of pragmatism in it, it is functional, but at the end of the day it is we call a Sportbrake, it has to look to sporty.