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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.

BMW signs diesel-engine supply deal with maker of police cars

BMW has agreed to supply turbocharged diesel engines to Carbon Motors Corp. to power Carbon's purpose-built police cars. In a deal signed on Monday, Carbon ordered more than 240,000 units of BMW's 3.0-liter inline six-cylinder turbodiesel--the same engine used in the X5.

2012 Ferrari California revealed ahead of Geneva

The 2012 California gets more power and less weight The Ferrari California has been given a bit of a facelift for 2012, with lower weight and more power. Debuts at Geneva 2012. Update: We’d expected to see the California go up in price by around £10k, but Ferrari tell us that the new price – £152,086, up from £146,960 – is not related to the California updates but just an annual increase of 3.4 per cent levied from January.