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Citroen to launch '3CV' plus DS3 cabrio, DS4 SUV, DS6

Citroen is working on a '3CV', a radical new entry-level model positioned between C1 and C3. Imagine the previous C2 pepped up by the glittery polish that's made the DS3 such a success, and you're not far off Citroen's new city car vision. Known inhouse as Citroen Trois Chevaux (3CV), it reportedly captures the spirit of the quirky Ami 6, draws on the space efficiency of the 2CV and mimics the ride comfort of the hydropneumatically sprung GS.

Caterham AeroSeven Concept previews future production model

Hot on the stripped-down heels of the Caterham Seven 165 and Caterham 620R, the company revealed a next-generation vehicle, the AeroSeven Concept. The company’s newest road car benefitted from the entire portfolio of Caterham companies including Caterham Technology & Innovation, Caterham F1 Team, Caterham Composites and Caterham Cars. The company says the new concept hints at a future styling direction, including the new sports car that is being developed in conjunction with Renault, due in 2016.

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.