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Honda Urban SUV Concept tease previews new baby Honda SUV

Honda has revealed a single sketch of an Urban SUV Concept that will debut at the Detroit Auto Show and previews a new baby SUV. The compact SUV, and sub-compact SUV market are growing strongly as car buyers eschew traditional small saloons and hatchbacks in favour of something perceived as a bit more rugged and more able to negotiate the urban jungle. So the tease photos of the Honda Urban SUV Concept – which will debut at the Detroit Auto Show in January 2013 – is pointing directly at a new baby Honda SUV likely to hit car showrooms in a couple of years time, and likely to be based on the new Honda Jazz.

Porsche Cayenne (2010 / 2011) teased

Porsche has 'Teased' the 2010/2011 Cayenne on its UK website Blimey, even Porsche are now playing the ‘Tease’ game with new car launches. What’s the world coming too? But this tease of the 2011 Porsche Cayenne is a little more subtle than the endless bombardment of teaser photos we get from many car makers these days.

Saab unable to pay wages as financing crisis deepens

Saab's money troubles have worsened to the point that the struggling car maker is unable to pay its employees' wages on the eve of the Swedish mid-summer vacation period.In a brief official statement last night, Saab's parent company Swedish Automobile N.V (formerly Spyker Cars) announced that it was 'will be unable to pay the wages to employees as it has not yet obtained the necessary short-term funding.'  While Swedish Automobile and Saab continue to pursue options for securing short-term financing to solve the cashflow crisis, the company admitted 'there can however be no assurance that these discussions will be successful or that the necessary funding will be obtained.' Saab share prices tumble, Swedish government will not intervene Reaction to the worsening financial crisis from stakeholders has been predictably bleak. Swedish Automobile's shares dropped 61% in value yesterday, and are currently trading at 0.948 euro. The Swedish government, already guaranteeing a €400m loan to Saab by the European Investment Bank, shows no inclination to bail-out Saab, which employs 3800 staff.