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Meadow Brook concours changes name

The Meadow Brook Concours d'Elegance is changing its name this year and will be known as the Concours d'Elegance of America at Meadow Brook. The vintage-car event is held annually in suburban Detroit on the grounds of the Meadow Brook estate, located on the campus of Oakland University. The estate is the former home of Matilda Dodge Wilson, the widow of auto pioneer John Dodge.

Saab unable to pay wages as financing crisis deepens

Saab's money troubles have worsened to the point that the struggling car maker is unable to pay its employees' wages on the eve of the Swedish mid-summer vacation period.In a brief official statement last night, Saab's parent company Swedish Automobile N.V (formerly Spyker Cars) announced that it was 'will be unable to pay the wages to employees as it has not yet obtained the necessary short-term funding.'  While Swedish Automobile and Saab continue to pursue options for securing short-term financing to solve the cashflow crisis, the company admitted 'there can however be no assurance that these discussions will be successful or that the necessary funding will be obtained.' Saab share prices tumble, Swedish government will not intervene Reaction to the worsening financial crisis from stakeholders has been predictably bleak. Swedish Automobile's shares dropped 61% in value yesterday, and are currently trading at 0.948 euro. The Swedish government, already guaranteeing a €400m loan to Saab by the European Investment Bank, shows no inclination to bail-out Saab, which employs 3800 staff.

Who's Where: BMW announces personnel changes in top design positions

BMW's latest internal reshuffle has seen Domagoj Dukec appointed as head of exterior design, Martina Starke as head of color and material design and Oliver Heilmer as head of interior design. Dukec, a Pforzheim graduate, has previously worked for Volkswagen and Citroën where he played a key role in developing a new Citroën aesthetic with the C4 coupé, C5 Airscape, C5 (Mark II), Hypnos and GQ Concept. Since moving to BMW's exterior design team in 2010 he has been credited with the design of the Concept Active Tourer.