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Saab reportedly bought by Chinese-led consortium

A Chinese-controlled consortium has completed a deal to buy the assets of bankrupt Swedish carmaker Saab, media reports said. National Electric Vehicle Sweden (NEVS) will pay 1.5 billion to 1.8 billion kronor ($210 million to $250 million) for Saab, excluding spare parts company Saab Automobile Parts AB, according to reports in Sweden. NEVS did not confirm the reports.

Stunners turn out for San Marino Motor Classic

A splendid new concours debuted on the sprawling main lawn of Lacy Park in sunny San Marino, Calif., on June 12--the San Marino Motor Classic. Featuring nearly 200 classic cars of all eras--from a Brass Era 1909 Pierce-Arrow Touring to a 2011 Ferrari 599 GTO--there was depth and breadth enough to satisfy everyone. While modern Porsches, Ferraris and even hot rods and Cobras spread out on side lawns of the great park, the balance of the show--82 of 179 registered entries--were Classic Car Club of America (CCCA) Packards, Lincolns, Cadillacs and Rolls-Royces, scattered across the main lawn.

Audi Sport Quattro concept to wow Frankfurt Motor Show 2013

Audi will reveal a stunning Sport Quattro concept car at the Frankfurt Motor Show 2013 – the spiritual successor to the brilliant 1980s Audi Sport Quattro. With a 700hp V8 hybrid drivetrain capable of 189mph AND 113mpg, it really is a legend reborn for modern times. Audi is debuting the Sport Quattro concept in Frankfurt 30 years after the original Sport Quattro was shown at the very same show.