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Saab finds a buyer

Bankrupt automaker Saab has found a buyer. But instead of picking up where the Swedish firm left off, the buyer plans to use Saab's resources for the production of electric cars. The new owners of Saab, a Chinese-Swedish investment group with Japanese backing called National Electric Vehicle Sweden AB (NEVS), did not release details on how much it paid for Saab or how much it planned to invest in the company.

BMW Pininfarina Gran Lusso Coupé revealed ahead of debut at 2013 Concorso d’Eleganza Villa d’Este

The BMW Gran Lusso Coupe by Pininfarina revealed ahead of Villa d’Este Or at least it still does if you expect the new 8 Series to look like a two-door version of the next generation 7 Series, rather than a completely individual model like the old 8 Series. Underpinning the Gran Lusso Coupe is the same platform the 7 Series uses and the same V12 from the 760i, which makes it both easier to bolt the Gran Lusso together and imagine it as future production model. The exterior of the Gran Lusso looks a bit like a coachbuilt version of a big BMW coupe, with most of the BMW design cues intact – if sharpened somewhat – with short overhangs and a long wheelbase.

Classic Lotus Cortina owner wins £5,000 fund

A LUCKY Lotus Cortina owner has won a £5,000 prize to make improvements and restorations to his car. Pete Shaw was awarded the prize by Footman James classic car insurance at last month’s Classic Motor Show. His beloved 1966 Mk1 Airflow Lotus Cortina had been entered into the competition with much-needed work on the cards.