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Saab is sold again: two Chinese makers buy Saab

Chinese car makers Pang Da and Youngman today agreed to buy Saab in its entirety from Swedish Automobile. It's the latest extraordinary twist in the saga of Saab, which has been technically bankrupt since September 2011 and built just 11,000 cars this year. The deal, which will see the Chinese car makers pay €100 million for Saab, has not yet however been signed and sealed.

Volvo V40 teased again ahead of Geneva [w/video]

Volvo has released an unusual cartoon teaser video for its new five-door V40, together with an additional image. The animated video features a flock of birds perching on power lines before all but one fly off. Being left on its own to dance on the lines, before fading to black with the words 'Be One of a Kind' appearing before advertising the car's imminent arrival.  Meanwhile the image (left), showing the car in silhouette, gives little away about the design, unlike Volvo's first sneak peek (right), released in December last year.

Seat Toledo concept car (2012) first pictures

Seat will whisk the covers off the new Seat Toledo concept car at the 2012 Geneva motor show. Stand by for some confusion: the old Toledo was a supersized MPV with a dodgily designed boot, but the new 2013 model will follow the much more conventional three-box design showcased here. As you can tell by the ready-to-roll interior and surprisingly unshowy exterior, this Toledo is 'a close-to-production study'.