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Saab says asset sale to BAIC gives it cash for a fresh start

Saab believes that a deal to sell some key assets to Beijing Automotive Industry Holdings Co. will help secure the money-losing automaker's future. "The money will finance the new Saab and contribute to a good start under new ownership," Saab spokeswoman Gunilla Gustavs said without revealing financial details of the deal.

Michelin Challenge Design 2009 Finalists Announced

Have you ever dreamed about having your vehicle designs featured at an international auto show? Beginning January 11, the 32 designers below will be living that dream when their original work is unveiled in the Michelin Challenge Design exhibit at the 2009 North American International Auto Show. Top automotive designers serving on the Michelin Challenge Design Jury selected the work based on the theme 'BRAVE+BOLD: America's Next Iconic Vehicle'.

Jaguar to reveal first Jaguar Special Operations car at Goodwood Festival of Speed

A new Jaguar Special Operation car is heading for Goodwood (Jaguar Project 7 pictured) It’s not just the new high performance Range Rover Sport from JLR’s Special Operations division that’s arriving at the Goodwood Festival of Speed next week, we’re also getting a new Special Operations car from Jaguar. It’s exactly a year since the Jaguar Project 7 F-Type (pictured above) was revealed at Goodwood as a precursor to the sort of cars JLR has in mind for its new Special Operation division, and now we’re getting the first fruits of the new division for Jaguar at Goodwood this year, although Jaguar aren’t yet letting on what it will be. Could it be a short-run, high-price production version of the Project 7 car, or will it be something else?