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Now it’s the Hyundai Veloster in Harrods’ window

Harrods is hosting a ‘Korea Loves London – Innovation and Technology 2012’ exhibition and the centrepiece of the window display is a Hyundai Veloster. This isn’t the first time Hyundai has had a spot in a Harrods window. Two years ago, when the Hyundai ix35 was fresh and new, Hyundai took over a window at Harrods to show off its compact SUV to the visiting shoppers, perhaps in the hope one or two would grab one for the Nanny.

Ford to cut Australian manufacturing in 2016

Ford Motor Co., saddled with high costs, falling sales and financial losses, will close Australian car and engine assembly plants in October 2016 after almost nine decades of manufacturing in the country. Ford, the smallest of the country's three manufacturers after Toyota Motor Corp. and General Motors, will shut its assembly plant in Broadmeadows in northern Melbourne and an engine plant in Geelong to the west of the city, Ford Australia CEO Bob Graziano said.

Saab files for reorganization, seeks $1 billion to survive

Saab is seeking $1 billion (793 million euros) to be self-financing, the company said on Friday after it filed for reorganization under a self-managed Swedish court process. The General Motors-owned Swedish brand said it will work "to create an independent business entity" and will concentrate production, design and engineering in Sweden. Saab said it would continue to operate as normal during the reorganization process, with GM and the Swedish government providing some support.