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GM may extend Saab deadline, report says

General Motors is prepared to wait beyond the end of this week before deciding on the future of Saab as it reviews remaining bids, Bloomberg News reported. The news agency quoted Saab board member Paul Aakerlund as saying that if there is a bid that GM finds sufficiently interesting, then GM's Dec. 31 decision to wind down its Swedish unit "is not a date that's holy.” Aakerlund said GM told Saab last week that it would wind down Saab and simultaneously continue talks with bidders about a sale, said Aakerlund, who also heads the IF Metall union at Saab.

First Sight: Daimler-BYD electric car design renderings leak out

Computer renderings of an electric car, being jointly developed by BYD Co., a Chinese battery and car producer that began making cars only less than a decade ago, and Daimler AG with more than a century of experience - were leaked for the second time this year. The car marks a critical juncture for the young Chinese carmaker based in the south China industrial hub of Shenzhen, just a stone's throw away from Hong Kong. It is also a key initiative in China, now the world's biggest auto market, for Daimler.

Renault Sport Trophy racing car (2014): first teaser photo

Renault Sport Trophy race car: 2014's new teaser photo By Tom Gregory First Official Pictures 19 June 2014 12:23 Renault has announced the 500bhp Renault Sport Trophy racing car, set to compete in a new one-make race series from 2015. Built by Italian chassis developer Dallara and powered by a Nismo engine, the new 2014 Trophy racer looks likely to have impressive performance figures and, judging by Renault’s teaser picture, just as impressive styling. Adding to the racing pedigree is a 1,100kg weight, seven-speed sequential gearbox by Sadev and specially created Michelin tyres.