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Schumacher's old F1 car sells for a bargain £195k

When can you ever call a £195,000 classic Formula One car a bargain? When it was driven by the most successful F1 driver ever, Michael Schumacher. This Benetton-Ford B191 was due to go up for auction with Coys this Saturday 10 August at the Nurburgring, but the car has now been sold ahead of going under the hammer for just £195,000.

Video: Exploring the new Mercedes-Benz C-Class

To coincide with the announcement that its new C-Class has entered production, Mercedes-Benz has released a video exploring its design. Featuring design chief Gordon Wagener and other key members of the team, the video explains where their inspiration came from and how they experimented with proportions during its development. While the dropping bodyside feature line is a key element of the exterior, it's also found inside the C-Class, where the typical Mercedes sports car interior is combined with the floating, vertical center console.

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.