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In NYC's cab contest, vans aim to be seen

Nissan North America Inc., Ford Motor Co. and a little-known Turkish vehicle manufacturer are in a three-way competition to supply the next generation of taxis to New York City. The winner will snare a large fleet deal: more than 13,000 vehicles delivered over the next three to five years, with a 10-year exclusive agreement from the city.

Saab: China’s Pang Da & Youngman to invest $7.5 billion. UPDATED

Saab: China to invest $7.5 billion Update: We have now been told by Saab that Pang Da and Youngman are to provide €50 million immediately and €600 million for short to medium finance. Funding for the revised business plan and provide long-term financial stability the new Chinese owners have also budgeted funding for the planned expansion of Saab Automobile’s portfolio and additional operations to be set up in China There will be a reduction of 500 in the employee numbers. Sales targets for 2012 of 35-55,000 cars and 2013 of 75-85,00 and long-term of 200,000 cars a year Interestingly, Saab says that ‘Saab Automobile has not received the funds from Pang Da and Youngman that have been committed for today.’ Oh, well. Although the deal which will see Saab sold to China’s Youngman and Pang Da is still subject to a raft of approvals – Swedish Debt Office, EIB, GM, Chinese Government… – it seems the Chinese have big plans to invest up to $7.5 billion in Saab in the coming years.

Honda Vezel urban SUV crossover stars at the Tokyo Motor Show 2013

Honda has unveiled its take on the burgeoning compact crossover sector at the 2013 Tokyo Motor Show, and it’s called the Vezel. You can do your own jokes, but rest assured it won’t be called that once it reaches the UK sometime in 2015. It’s based on the same platform as the all-new Honda Fit, the car we know as the Jazz, and will go on sale in Japan this December.