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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.

Mini Superleggera Vision Concept – a very different MINi Concept – at Villa D’Este

The Mini Superleggera Vision Concept (pictured) is a Villa D’Este special We’ve had our fill of VW Group concepts for Worthersee – like the Skoda CitiJet, Yeti XTreme and Audi A3 Clubsport - this last week, but now we’ve got a concept from MINI that isn’t just the usual slightly left-field take on a regular MINI, but a real original to grab our interest – the Mini Superleggera Vision Concept – and it’s heading to Villa D’Este. Built in collaboration with Touring Superleggera – which has built stunning concepts like the Alfa Romeo Disco Volante - the new MINI is a retro-looking small roadster with lots of historic design cues but with an EV powertrain under its clothes. There’s a fin on the back that looks like a Jaguar D Type, a pair of swage lines down the side, a long bonnet, a back end that has a hint of Aston Martin and even Union Jacks in the tail lights.

Shanghai 2013: Conference and Awards events from CDN and Interior Motives

Can Design News and Interior Motives are gearing up for our annual visit to China for a number of important events in the industry's calendar, kicking off with the 2013 Interior Motives China Conference. This year's theme, ‘Technology and tradition – old meets new in modern-day China' features a new highly interactive format guaranteed to inspire and illuminate. Last year's event – timed to coincide with the run-up to the Beijing auto show – attracted over 400 senior OEM designers and Tier supplier executives from around the world, and this one promises to be bigger and better than ever.