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Winners of the 2013 Michelin Design Challenge announced

Michelin presented the three winners of the 2013 Michelin Challenge Design at its private Designers' Reception during of the North American International Auto Show (NAIAS) in Detroit's Renaissance Center. A jury of automotive designers and industry experts picked the winners from the 15 finalists that best explored how design contributes to and impacts the ongoing effort to develop more efficient vehicles, while keeping the emotional side of car design front of mind. This year's top three finalists are Jorge Biosca (Spain), Liu Shun (China) and Song Wei Teo (Singapore).

£2,500 price cut for Subaru BRZ

Subaru has cut the retail price of its sporty BRZ coupe by nearly 10% to £23,995 on-the-road for the SE Lux model. The reduction from the previous £26,495 list price (effective from 1 May 2014) marks a £2,500 saving for customers. The price drop is in part related to the introduction of the firm’s performance flagship model, the WRX STI, which hits UK shores in May 2014.

Saab secures more funds as it seeks to avert collapse

Saab parent Swedish Automobiles has found another financial lifeline in China as the struggling carmaker faces possible legal action from unions over unpaid wages. In a statement this morning, Swedish Automobiles announced that an un-named Chinese firm has placed an order for 582 Saab vehicles, valued at 13 million Euro (£11.5m) with full pre-payment 'expected to be made this week'.  Saab plans to use the funds to pay wages and begin partial payments to component suppliers in order to restart production. Saab's financial crisis: the current situation.