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Rinspeed microMAX

Rinspeed has revealed its microMAX concept car as its latest Geneva-bound offering, which it hopes will revolutionize urban congestion. The microMAX, designed by Rinspeed boss Frank Rinderknecht, explores the idea of car sharing and is designed to be small enough so that it can easily navigate city environments but uses upright seats to maximize space. The five-seater concept is apparently no bigger than a Mini Cooper and has space for a stroller or shopping cart as well as a coffee maker and refrigerator.

Volvo launches plan to spread servicing costs

Volvo has launched a new website allowing owners of Volvos up to 48 months old the opportunity to purchase a Volvo Service Plan, via either a one-off payment or a fixed monthly fee. It works in a similar way to car insurance, where you have a choice of either paying monthly or upfront. The pre-paid service plans cover any service carried out on Volvos up to six years of age and up to a maximum of ten scheduled services.

Saab parent company to sell Spyker luxury brand to U.S. firm

Saab parent company Swedish Automobile plans to sell its Spyker luxury-sports-car brand to U.S. private-equity firm North Street Capital for about $44 million. Spyker has been careful to point out to European news sources that the agreement has not been made final.