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Kimi Räikkönen to star at Festival of Speed

FORMULA One favourite Kimi Räikkönen has been confirmed as a star guest for the upcoming Goodwood Festival of Speed. The charismatic Finn will be at the famous Goodwood event as part of a wider celebration of motorsport heritage in conjunction with the Festival of Speed’s recently-announced chief sponsor, Shell. As well as bringing F1 racer Räikkönen and supplying the ‘official fuel’ for the event, V-Power Nitro+ premium unleaded, Shell will celebrate the 50th anniversary of legendary British racer John Surtees’ Formula One World Championship victory with Scuderia Ferrari.

Saab finds a buyer

Bankrupt automaker Saab has found a buyer. But instead of picking up where the Swedish firm left off, the buyer plans to use Saab's resources for the production of electric cars. The new owners of Saab, a Chinese-Swedish investment group with Japanese backing called National Electric Vehicle Sweden AB (NEVS), did not release details on how much it paid for Saab or how much it planned to invest in the company.

SAIC Roewe-MG Cup design competition winners announced

The results of SAIC's Roewe-MG Cup design competition are in, with East China Normal University student Sun Jiajun taking top honors with his 850 Celebration concept. Themed ‘Roewe 2020: Elegant Confidence', the contest asked Chinese university students to design a future sedan, SUV or MPV for Roewe in 2020. Coming in second behind Jiajun were Qian Junlin and Zhang Mingxi, both of Jiang Nan University.