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Saab turns down takeover offer from Chinese investors

Swedish Automobile, owner of Saab, has turned down a takeover offer from China's Zhejiang Youngman Lotus Automobile Co. and Pang Da Automobile Trade Co. Youngman and Pa Dang signed a nonbinding memorandum in July to take a combined 53.9 percent stake in Swedish Automobile for about $338 million.

2012 BMW X1 Facelift: New engines & new models

2012 BMW X1 Facelift BMW has given the X1 compact SUV a nip and tuck for 2012 with new engines, new models and trim upgrades. Starts at £24,660. The entire BMW X1 range has been given something of a facelift for 2012, but BMW hasn’t just titivated the cosmetics they’ve also introduced two new models – the X1 Sport and X1 xLine – and new diesel engines.

Striking new Kia concept for Frankfurt

It wouldn’t be a motor show without a wild and outlandish concept car from Kia and it looks like the 2013 Frankfurt Motor Show in September will be no different. Kia has announced details of the as yet unnamed concept that “hints at a possible future B-segment contender ready to take on the urban environment with style and tenacity”. It’s also said to be “playful but gutsy, sturdy yet impish” – so could it be a small crossover?