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SEAT confirms it will launch its first SUV in 2016

SEAT The Spanish carmaker SEAT today confirmed it will launch its first SUV in two years' time. Likely to be inspired by the IBX concept car, the new SEAT 4x4 will share technology with Volkswagen's compact SUV range. Little has been announced about the launch of SEAT's SUV, but the company has shown a clutch of concept cars over the past decade, including the IBX (above) and the Tribu (below).

Saab says asset sale to BAIC gives it cash for a fresh start

Saab believes that a deal to sell some key assets to Beijing Automotive Industry Holdings Co. will help secure the money-losing automaker's future. "The money will finance the new Saab and contribute to a good start under new ownership," Saab spokeswoman Gunilla Gustavs said without revealing financial details of the deal.

Ford to make three-cylinder EcoBoost engine, eight-speed transmission

UPDATED: Ford is taking a look at the powertrain of its future, and in a nutshell, it's going to be small--at least under the hood. That's because the Blue Oval is preparing a 1.0-liter, three-cylinder EcoBoost engine, claimed to be the smallest engine the company has ever built. Ford says this baby EcoBoost will offer output comparable to a normally aspirated 1.6-liter, four-cylinder powerplant.