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Saab says asset sale to BAIC gives it cash for a fresh start

Saab believes that a deal to sell some key assets to Beijing Automotive Industry Holdings Co. will help secure the money-losing automaker's future. "The money will finance the new Saab and contribute to a good start under new ownership," Saab spokeswoman Gunilla Gustavs said without revealing financial details of the deal.

Ford Australia designs Mad Max concepts

With the iconic road movie ‘Mad Max' set to reappear on the silver screen next year, the Australian International Motor Show played host to two Ford concepts aiming to be the next 'Interceptor'. Built in response to a brief from Top Gear Australia, Ford Australia's Research Centre employees created a variety of machines for Max. The entries, however, were whittled down to those from Nima Nourian and Simon Brook.

McLaren P1: New Photos

Just hours ahead of the official reveal of the McLaren P1 supercar we have a new set of photo showing more of the P1. We’ll have to wait until tomorrow for any technical details of what McLaren has put under the skin of the P1, but we do now have far more P1 photos to make a judgement on how it looks. The first three photos showed us the backend, side view and front three quarters of the P1, but now we get to see the P1 in almost all its glory in these new photos.