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Red Bull front row for Korea Grand Prix

The 2012 Korean Grand Prix has a Red Bull front row after Mark Webber snatched pole from Sebastian Vettel. McLaren’s Hamilton is third. Qualifying for the Korean Grand Prix in Seoul this morning looked like it was heading Red Bull’s way, with Sebastian Vettel strongest in Q1 and Q2.

Saab unable to pay wages as financing crisis deepens

Saab's money troubles have worsened to the point that the struggling car maker is unable to pay its employees' wages on the eve of the Swedish mid-summer vacation period.In a brief official statement last night, Saab's parent company Swedish Automobile N.V (formerly Spyker Cars) announced that it was 'will be unable to pay the wages to employees as it has not yet obtained the necessary short-term funding.'  While Swedish Automobile and Saab continue to pursue options for securing short-term financing to solve the cashflow crisis, the company admitted 'there can however be no assurance that these discussions will be successful or that the necessary funding will be obtained.' Saab share prices tumble, Swedish government will not intervene Reaction to the worsening financial crisis from stakeholders has been predictably bleak. Swedish Automobile's shares dropped 61% in value yesterday, and are currently trading at 0.948 euro. The Swedish government, already guaranteeing a €400m loan to Saab by the European Investment Bank, shows no inclination to bail-out Saab, which employs 3800 staff.

Retrospective: The Detroit auto show 2002, 1997 and 1987

While the North American International Auto Show is over for the media, it's just heating up for the public, and we want to keep the ball rolling with a special look back at Detroit auto shows past. Where better than through articles from Autoweek's coverage of the show through the years? They will be available to download in both .pdf and .jpg formats in their entirety, including the cover.