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Car Design Awards China winners head to Coventry University

Two Car Design China Award 2012 winners won the fantastic opportunity to spend two weeks in Coventry's Automotive Design department. We headed to Coventry to find out how Cao Chengang, a Tongji University graduate, and Gao Zhigiang, currently studying at Huazhong University of Science and Technology, are finding their time in the UK. After shaking off their jet lag they rolled their sleeves up and began an intense project under the watchful eye of the Art and Design school's senior lecturers.

Saab on brink of closing after GM rejects rescue plan

Saab Automobile filed for bankruptcy on Monday and is on the brink of shutting for good after former owner General Motors rejected a rescue plan. The move sets the scene for the end of Saab's struggle to survive after months of hastily drawn-up deals for a company that hasn't made a vehicle in months. The latest plan involved Chinese automaker Zhejiang Youngman Lotus Automobile, but this was vetoed by GM, still a key Saab supplier, over the weekend "After having received the recent position of GM on the contemplated transaction with Saab Automobile, Youngman informed Saab Automobile that the funding to continue and complete the reorganization of Saab Automobile could not be concluded," Saab's Dutch owner, Swedish Automobile, said in a statement.

Toyota TS030 Hybrid (2012) first pics of new Le Mans racer

Toyota has unveiled its new Le Mans challenger, the TS030 Hybrid. The TS030 name designates this car as the successor to the TS010 and TS020 (better known at the GT-One) which competed at Le Mans in the 1990s – TS stands for Toyota Sport. What?