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Peugeot 208

Peugeot today unveiled the all-new 208, which will replace the 207 in spring 2012. Entirely new from the ground up, the French firm's latest B segment model is said to ‘represent a true generation leap' over its predecessor and embody ‘the principles of agility and efficiency'. "The strength of the 208 lies in its style: it is a real ball of energy," says Peugeot's design director, Gilles Vidal.

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.

New Porsche 911 Carrera 4: Official

Porsche has revealed details of the new Porsche Carrera 4 ahead of its debut at the 2012 Paris Motor Show. After we published the first leaked photos of the 2013 Porsche Carrera 4 at the weekend it seemed likely that Porsche’s own reveal wouldn’t be far behind, and here it is. As expected, we get the reveal not just of the 911 Carrera 4 and Carrera 4S, but the cabriolet version as well as the coupe; a full set of new Porsche 911s.