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German courts rule Prym Mercedes 500 K Roadster belongs to heirs

A very rare 1935 Mercedes 500 K Roadster owned by Dutch collector Frans van Haren has been declared the property of the heirs of the car’s first owners. When Frans van Haren, a Dutch car collector, bought a rare 1935 Mercedes 500 K Roadster at RM Auctions Montery sale last year he knew there was no declared history prior to 1970. Even so, he paid almost $4 million for the car.

Car Design Awards China 2012 winners announced

The third annual Car Design Awards China competition came to an end earlier this evening as the winners of the 10 categories were announced along with the nomination for 2012 Student Designer of the Year - Xiao Hangjie, a student at Hunan University. The awards ceremony was held at the studios of CH-Auto in Beijing in the presence of an audience of renowned designers and judges from both domestic and international OEMs, with esteemed designer Chris Bangle acting as master of ceremonies. At the concluding judging session held in Beijing in March, one of the judges, Simon Loasby, Director of Design at VW China, said, "It was so difficult for us to decide on a winner, the entrants were so strong.

The Saab Saga – now it’s a share sale to raise cash

Saab Saab sell shares to GEM Global We’re not really sure we see how on earth the announcement from Saab that they are selling shares to raise funds is going to work. But we’ll report it anyway. The information we have is that Swedish Automobile is going to issue shares to help pay the outstanding bills it has, and to meet unpaid salaries for white collar workers.