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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.

Audi A2 electric concept heads for Frankfurt

Audi A2 Concept EV - Frankfurt bound The last Audi A2 was perhaps the only real failure for Audi in the last twenty years. But that hasn’t stopped them reviving the moniker and attaching it to a new concept heading to Frankfurt – the electric Audi A2 Concept. Audi say the A2 concept has an electric-only powertrain, which sadly means they are not pursuing the elegant range-extender solution with a Wankel engine they showed in the A1 e-Tron at Geneva last year.

New BMW 7 Series priced from £58,115

New BMW 7 Series costs from £58k The facelifted BMW 7 Series will arrive in the UK in September and cost from £58,118 for the 730d rising to £104,050 for the 760Li M Sport. We had the reveal of the new BMW 7 Series (well, a facelift) earlier this week, but what we didn’t have was an arrival date in the UK or any prices. But now we do.