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Chinese bank may join Saab rescue deal

Saab's owner, Swedish Automobile, said on Monday it is discussions with a bank in China and Chinese automaker Zhejiang Youngman Lotus Automobile over a rescue deal for Saab. Reports had said on Sunday that the Bank of China would replace China's Pang Da as an investor in Saab, which is under bankruptcy protection. Swedish Automobile confirmed Monday that it is talking with Youngman and a bank in China about an equity interest, but did not name the bank.

New car sales see record growth period

ANOTHER rise last month has taken UK car sales to their longest-ever period of growth. A total of 194,032 new cars were registered in May – a 7.7% rise on the May 2013 figure, the Society of Motor Manufacturers and Traders (SMMT) said. The increase last month was the 27th consecutive monthly rise – beating the previous record of 26 months of growth between May 1987 and June 1989.

New Ford Kuga (2012) to debut at Los Angeles Motor Show

2012 Ford Kuga / Escape to debut at Los Angeles 2011 - based on the Vertrek Concept (above) Yes, strictly speaking the debut of the new Ford Kuga at the Los Angeles Motor Show in November is actually for the 2013 Ford Escape. But in the new ‘One World’ of Ford the new Escape – based on the Ford Vertrek Concept from this year’s Detroit Motor Show – will, with just a few changes, become Europe’s new Ford Kuga. What makes it even more certain that the Escape is much the same as the Kuga will be is news on the engines.