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Nissan Pivo 3 concept (w/ Video)

The Nissan Pivo 3 will make its world debut at the Tokyo motor show later this month. You may remember the previous Pivo concepts featured a rotating, spherical cabin, which sat atop a square base whose four wheels allowed it to move in any direction. This Pivo is different in that its cabin is fixed and also (relatively) more car-like, with a design language that is now recognizably Nissan.

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.

Jaguar F-Type Paris Motor Show debut: Official

We already knew that the new Jaguar F-Type would get its production debut at the 2012 Paris Motor Show, but now it’s official. Jaguar has mastered the ‘launch’ of a new car in the digital age, with endless teaser photos and videos, trickles of information, official ‘Spy’ photos and tempting new little revelations at appropriate intervals. And that process has been exactly the path the arrival of the new Jaguar F-Type has followed, from the F-Type Coupe as the C-X16 Concept through to the camouflaged F-Type Roadsters we’ve seen on film, on video and in the flesh.