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Hyundai i20 facelift and Veloster Turbo at 2012 Geneva motor show

Hyundai has significant new model news and a piece of range expansion to announce at the 2012 Geneva motor show with the unveiling of a facelifted i20 supermini and a spanking fresh turbo diesel for its Veloster coupe-cum-hatchback.  One at a time now – will the Veloster line up neatly behind the i20 please. What’s happening to that then? Perhaps slightly stung by critics in some quarters dismissing the Mk1 i20 as being rather Euro-bland, the Korean’s all-new i20 is a rather pretty-looking thing. Nose-wise it has a wide-mouthed, grinning hexagonal grille and little creases filtering up from it and the headlamp cluster, which look uncannily like laughter lines.

Saab: China’s Pang Da & Youngman to invest $7.5 billion. UPDATED

Saab: China to invest $7.5 billion Update: We have now been told by Saab that Pang Da and Youngman are to provide €50 million immediately and €600 million for short to medium finance. Funding for the revised business plan and provide long-term financial stability the new Chinese owners have also budgeted funding for the planned expansion of Saab Automobile’s portfolio and additional operations to be set up in China There will be a reduction of 500 in the employee numbers. Sales targets for 2012 of 35-55,000 cars and 2013 of 75-85,00 and long-term of 200,000 cars a year Interestingly, Saab says that ‘Saab Automobile has not received the funds from Pang Da and Youngman that have been committed for today.’ Oh, well. Although the deal which will see Saab sold to China’s Youngman and Pang Da is still subject to a raft of approvals – Swedish Debt Office, EIB, GM, Chinese Government… – it seems the Chinese have big plans to invest up to $7.5 billion in Saab in the coming years.

Lexus takes Gen XY on a 'Dark Ride'

Lexus' small CT 200h hybrid won't go on sale until February, but a short online movie called Dark Ride is already promoting the vehicle and reaching out to younger buyers. Lexus and its ad agency, Skinny, aim to generate excitement among consumers 16 to 44 -- known as Gen XY. That demographic is a far cry from the median age of Lexus' owners -- 57.