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Saab reportedly bought by Chinese-led consortium

A Chinese-controlled consortium has completed a deal to buy the assets of bankrupt Swedish carmaker Saab, media reports said. National Electric Vehicle Sweden (NEVS) will pay 1.5 billion to 1.8 billion kronor ($210 million to $250 million) for Saab, excluding spare parts company Saab Automobile Parts AB, according to reports in Sweden. NEVS did not confirm the reports.

Volkswagen Cross Coupé: VW compact hybrid SUV Concept at Tokyo

Volkswagen Cross Coupé Concept at Tokyo Volkswagen to debut the VW Cross Coupe Concept at the Tokyo Motor Show, a compact hybrid SUV that’s smaller than a Tiguan and bigger than a golf. Volkswagen are taking the VW Cross Coupe to the Tokyo Motor Show this week, and it looks a bit like they’ve taken inspiration for their new car from every successful current car niche, in the hope the cross coupe will strike a chord with buyers. From the name – which VW used for the concept version of the Q3 – to a bit of SUV, a small dose of swoopy coupe all wrapped up in a crossover, the Cross Coupe appears to be conceived to be all things to all car buyers.

Red Bull Racing's X2014 concept car to feature in GT6

Red Bull Racing has revealed its X2014 concept car that will feature in the upcoming Gran Turismo 6 racing game. The Formula 1 team's chief technical officer Adrian Newey worked alongside Polyphony Digital to develop the road car, which is obviously very much inspired by F1 car design. Elements such as the F1 car nose and low-hanging front spoiler are proof of this, although the design features headlamps and fenders surrounding the tires.