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The Saab Saga – now it’s a share sale to raise cash

Saab Saab sell shares to GEM Global We’re not really sure we see how on earth the announcement from Saab that they are selling shares to raise funds is going to work. But we’ll report it anyway. The information we have is that Swedish Automobile is going to issue shares to help pay the outstanding bills it has, and to meet unpaid salaries for white collar workers.

Lincoln opens first dedicated design studio for 40 years

Ford has opened the first dedicated Lincoln design center for 40 years in Dearborn, Michigan, as part of its ongoing brand reinvention. Last August Ford announced it would be creating the studio for its luxury brand as well as increasing spending, giving it unique interiors and powertrains in an effort to differentiate it from the core Ford offerings. The Lincoln Design Studio has been built on the campus of Ford's Product Development center and houses designers, sculptors, modelers and engineers who make up part of a larger Lincoln Product Development team that will create four new Lincoln vehicles by 2015.

New Mitsubishi Outlander (2010) surfaces

The 2010 Mitsubishi Outlander has been launched in Australia And now the revised Outlander – a slightly toned-down version of the GT Concept – has surfaced in Australia as the 2010 Outlander. Featuring the aforementioned Evo nose and a more Evo-like interior, the style is a move towards a family theme across the range by Mitubishi. The 2010 Outlander will feature Mitsubishi’s Super-All Wheel Control (S-AWC) – at least on the V6 versions – which improves handling and traction.