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Official: Peugeot 508

The Peugeot 508 - Finally official Today was the day we expected Peugeot to drop the details of the 508 on the world, and indeed it is so. Although they actually shoved them out last night after leaked photos of the Peugeot 508 appeared yesterday. Apart from seeing more versions of the photos we brought you yesterday, what do we now have confirmed?

Winners and Losers: Porsche sales pop in April

Porsche sales spiked 82 percent in April and are up 46 percent for the year, parking the luxury automaker among the top five winners so far for 2011. The redesigned Cayenne made the biggest contribution, with sales up an eye-popping 384 percent from last April and 141 percent for this year. Porsche counted 1,578 copies of the Cayenne sold in April, versus 326 the year before.

Saab owners Spyker NV to become Swedish Automobile NV

Is the rain coming to an end at Saab? In the seemingly never-ending saga of Spyker and Saab it does now seem likely that the deal we reported last week with Chinese distributors Pang Da is going to pan out. The messy-looking deal with Pang Da has seen the beleaguered Dutch car maker receiving €30 million already from the cash-rich Chinese, which it’s using to pay-off its suppliers in an attempt to get production lines rolling again in Trollhattan.