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Vencer launch sports car design contest

Vencer has launched a new interactive design contest that offers cash prizes and the unique opportunity to see the winning design developed into the automaker's next model. The Dutch supercar maker, which has produced just one model to date, the Vencer Sarthe, decided to start a worldwide community-driven development of a new car during the design process for the Sarthe, which formed the basis for this contest. On 13 December 2013 at 13.00 CET, Vencer will establish the participants with the most ‘likes' amongst those who met the conditions.

Going, going, gone: Ford sells Volvo to Geely

Little more than a year ago, the name Geely would happily slip under the radar of most. Today, the Chinese company completed its purchase of Volvo from Ford. Geely stumped up a $1.3 billion in cash for the Swedish brand and issued a $200m note.

Saab enters Court Protection – just as we predicted

Victor Muller takes Saab in to Court Protection Two weeks ago we reported that Saab were about to seek court protection from its creditors in a bid to buy time until investment from China arrives. And that’s exactly what’s happening. Saab are waiting for investment funding from China – via Pang Da and Youngman – totalling €245 million which should put Saab back on a solvent footing – at least for a while – and allow the beleaguered Swedish car maker to resume production and push on with future plans.