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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.

New Opel Monza revealed – sort of – ahead of Frankfurt debut

Opel’s Karl-Thomas Neumann (pictured) reveals the first look at the new Opel Monza Last week we revealed that there will be a new Opel Monza at this year’s Frankfurt Motor Show in September, although much of the detail was educated guesswork. And even though Vauxhall has taken some off the wraps of the new Monza this morning, we’re still not really any the wiser. Vauxhall/Opel are calling the Monza ‘The Future’ of the brand and say it represents a vision of the company’s future and will have a long term impact on production cars.

Honda goes social with the Sounds of Civic songwriting contest

It seems all automakers are tapping the social-media networks these days. From the Ford Mustang Mayhem package to the Toyota Prius plural campaign, conventional wisdom is there's nothing a few thousand Facebook fans can't handle. The latest automaker to hop the train is Honda, which is sponsoring a creative songwriting competition called the Sounds of Civic to mark the debut of the 2012 Honda Civic.