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BMW to offer four-cylinder diesels in North America to improve fuel efficiency

BMW will offer four-cylinder diesel engines in North America as it seeks to improve fuel efficiency and match the performance of its current six-cylinder gasoline engines. BMW is considering diesels in a range of models, including its 1 series, 3 series and 5 series sedans and possibly the X3 crossover and Z4 roadster, said Tom Baloga, vice president of engineering for BMW of North America. "You're going to see it in the 3 series, and the 5 series is a good possibility," Baloga said.

2013 Porsche Carrera 4 set for reveal Paris motor show reveal

Porsche has lifted the veil on the fifth-generation 911 Carrera 4 all-wheel-drive sports car ahead of a September premiere at the Paris motor show. It is expected to reach North American showrooms in February as a 2013 model. The 911 Carrera 4 has a widened body with rear side panels extending 0.9 inches beyond the standard rear-wheel-drive 911, which allows for wider rear wheels and tires.

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.