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2012 Paris Motor Show | Mondial de l’Automobile 2012 à Paris: Preview

September 29th 2012 sees the start of the Paris Motor Show – one of the biggest auto shows in the world. We’ll have all the news and reveals here on Cars UK. The Paris Motor Show -  Mondial de l’Automobile 2012 à Paris – is one of the most important shows on the auto calendar, and the 2012 show promises to be a cracker.

Saab unable to pay wages as financing crisis deepens

Saab's money troubles have worsened to the point that the struggling car maker is unable to pay its employees' wages on the eve of the Swedish mid-summer vacation period.In a brief official statement last night, Saab's parent company Swedish Automobile N.V (formerly Spyker Cars) announced that it was 'will be unable to pay the wages to employees as it has not yet obtained the necessary short-term funding.'  While Swedish Automobile and Saab continue to pursue options for securing short-term financing to solve the cashflow crisis, the company admitted 'there can however be no assurance that these discussions will be successful or that the necessary funding will be obtained.' Saab share prices tumble, Swedish government will not intervene Reaction to the worsening financial crisis from stakeholders has been predictably bleak. Swedish Automobile's shares dropped 61% in value yesterday, and are currently trading at 0.948 euro. The Swedish government, already guaranteeing a €400m loan to Saab by the European Investment Bank, shows no inclination to bail-out Saab, which employs 3800 staff.

Michelin Challenge Design announces 2008 jury

Michelin Challenge Design, known for enticing some of the world's most talented up and coming designers, has convened its 2008 panel of judges. The eight automotive design experts met July 16-17, 2007, at Art Center College of Design in Pasadena, California, to select the vehicle designs and concepts for special exhibition at the 2008 North American International Auto Show in Detroit next January. This year marks the seventh year for the international competition with a record 272 individual designers, teams, studios, and companies from over 50 countries submitting full-size vehicles, scale models and computer-generated renderings in support of the central theme, 'Safer.