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Saab secures more funds as it seeks to avert collapse

Saab parent Swedish Automobiles has found another financial lifeline in China as the struggling carmaker faces possible legal action from unions over unpaid wages. In a statement this morning, Swedish Automobiles announced that an un-named Chinese firm has placed an order for 582 Saab vehicles, valued at 13 million Euro (£11.5m) with full pre-payment 'expected to be made this week'.  Saab plans to use the funds to pay wages and begin partial payments to component suppliers in order to restart production. Saab's financial crisis: the current situation.

Next-generation Ford Transit dubbed taxi of the future

Ford introduced its redesigned 2014 Transit Taxi, which features increased passenger and cargo space, claimed “livery-duty durability,” and lower operating costs. The 2014 Transit comes with a new 2.5-liter four-cylinder gas engine and a six-speed automatic transmission. The transmission is expected to deliver best-in-class highway fuel economy.

New design chiefs for Peugeot and Citroen

PSA Peugeot Citroen is under new design leadership this week. As of 4 January 2010, Gilles Vidal has taken over as design director for Peugeot and Thierry Metroz is the new pencil wielder-in-chief at Citroen. Both will report to Jean-Pierre Ploué, who remains design director for the PSA group.