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Saab reportedly bought by Chinese-led consortium

A Chinese-controlled consortium has completed a deal to buy the assets of bankrupt Swedish carmaker Saab, media reports said. National Electric Vehicle Sweden (NEVS) will pay 1.5 billion to 1.8 billion kronor ($210 million to $250 million) for Saab, excluding spare parts company Saab Automobile Parts AB, according to reports in Sweden. NEVS did not confirm the reports.

2014 BMW X3 Facelift and more efficient engines

The 2014 BMW X3 (pictured) gets a facelift and new engines The current version of the BMW X3 SUV has been with us for more than three years, so BMW are giving it a bit of a mid-cycle facelift and more frugal engines to keep the X3 on top of its – very successful – game. Engines on offer for the 2014 X3 include the 2.0 litre diesel in the sDrive18d which offers 148bhp and 56.8mpg and the 187bhp in the X3 xDrive20d which returns 52.3mpg, the xDrive30d – which gets the 3.0 litre diesel unit – with 254bhp and 47.9mpg and the X3 xDrive35 which has an impressive 309bhp but still manages official economy of 47.1mpg. When it comes to the cosmetic facelift bits, BMW hasn’t really pushed the boat out, but the new X3 does get a new headlight design which is sleeker, new front and rear bumpers and a new surround for the kidney grill, which all contrive to make the new X3 look even more like a baby X5.

RTT Student Awards contest launched

Students from around the world have been invited to enter the annual RTT Student Award, sponsored by NVIDIA and Wacom. RTT has called for submissions of visionary ideas and concepts to enter in the categories of ‘Emerging Technology' and ‘Funky Visualization,' with an expert judging panel deciding on the highest caliber submissions. Winning students will present their project at Excite 2012, RTT's showcase for cutting-edge innovation and technology in the world of 3D real-time visualization.