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Saab gets latest lifeline via $5 million infusion from Chinese company

Saab has been on the edge of collapse since a cash shortage early this year forced it to halt production. Now Automotive News reports that a last-minute payment from China's Zhejiang Youngman Lotus Automobile has given the Swedish carmaker yet another shot. Youngman wants to get a stake in Saab and has taken the first step by giving the company $5 million to cover tax expenses, with another $26.43 million forthcoming for unpaid salaries and $13.18 million more before the end of December.

SEAT Leon FR+ Supercopa launches

SEAT Leon FR+ Supercopa SEAT UK has launched a special edition Leon – the SEAT Leon FR+ Supercopa - with a new sporty look and extra features. Last year we got the SEAT Leon FR+ bolted on to the Leon range in the UK as a top of the range Leon aimed at extracting a bit more from Leon customers, 25 per cent of whom were already opting for the previous range topper, the Leon FR. That plan obviously worked as SEAT has now added yet another model above the FR+ in the guise of the FR+ Supercopa which offer a special edition styling kit for a sportier look.

Peugeot 208 R2 (2012): first official pictures

Peugeot has released pictures of its first 208-derived rally car. Peugeot says the 208 R2 has been under development since the standard model was announced in 2011, and promises to reveal two more motorsport-bred 208s by the end of 2012. What will the next two 208 sports cars be?