Car news

New deal to save Saab announced Saab's owners have again raised hopes of the company being saved, announcing they are in rescue talks with a Chinese bank and Chinese car company for investment. Swedish Automobile, or Swan, is negotiating with an unnamed bank and Zhejiang Youngman Lotus Automobile Company, and says the prospective deal will include short-termn financing to allow it to pay its November and December bills.

Bigger Range Rover Evoque planned Land Rover is planning a bigger Range Rover Evoque, fuelled in part by the success of the smaller car and the continuing growth being enjoyed by the brand. The firm’s expansion involves proposals that would take it into new niches, finding favour over similar projects at sister brand Jaguar because the potential sales and profits are greater, according to insiders. Growing sales of the BMW X..

Geely to sell £10k Octavia rival in UK Chinese car maker Geely will sell cars in the UK from the end of 2012. Geely will initially import the Geely Emgrand EC7, which is similar in size to the Skoda Octavia. It will be available as a four-door saloon or five-door hatchback. Buyers will have a choice of 1.5 and 1.8 litre petrol engines and get a 100,000 mile, five-year warranty as standard. Prices will start from around £10,000.

New engines for 2012 Scénics The Renault Scénic and Grand Scénic MPVs have been facelifted and will get two new downsized engines for February 2012. The first new engine is the 1.5 dCi 110 Stop and Start, which is an enhanced version of the French marque’s core diesel engine. Featuring stop-start and brake energy regeneration, it returns claimed fuel economy of 68.9mpg and CO2 emissions of 105g/km, but has 192lb ft of..

Detroit’s ‘bulky’ image means modest gains after U.S.-Korea trade deal When Back Seung Chul bought a new car in Seoul, he didn’t even look at imported models from General Motors Co., Chrysler Group and Ford Motor Co. Detroit’s Big Three don’t offer the combination of functionality and style that Korean automakers such as Hyundai Motor Co. provide, said Back, a 25-year-old engineer who lives in the capital’s southern suburbs near Hyundai headquarters.

Chinese bank may join Saab rescue deal Saab's owner, Swedish Automobile, today said on it is discussions with a bank in China and Chinese automaker Zhejiang Youngman Lotus Automobile over a rescue deal for Saab. Media reports had said on Sunday that the Bank of China, the country's fourth-largest bank by market value, would replace China's Pang Da as an investor in Saab, which is under bankruptcy protection. Swedish Automobile..

Bugatti Veyron: A Quest For Perfection It's easy to run out of superlatives when describing the Bugatti Veyron. Eclipsing every road car before it in terms of power, speed and price, it has been the benchmark supercar for almost a decade. ‘A Quest for Perfection – The Story of the Greatest Car in the World' by Martin Roach is a new book written in light of this redefinition of the supercar paradigm. Tracking the car, from its..

Watch the Race of Champions live on the Web The 2011 Race of Champions will be streamed live on the Web , free of charge, on Saturday and Sunday. The ROC is an annual end-of-season competition that brings together drivers from various motorsport disciplines--including Formula One, rallying, touring cars and Le Mans--and pits them in head-to-head battles in identical machinery on a specially constructed parallel track. Saturday night's..

Formula One: Ferrari, Red Bull set to quit F1 Teams Association Ferrari and Red Bull Racing have both signaled their intention to withdraw from the Formula One Teams Association because of ongoing debate over the future of the "resource restriction agreement." After the news emerged on Friday, both teams issued statements to confirm that they have notified FOTA of their intention to quit. Their departure weakens FOTA seriously and can only strengthen the..

FIA GT1 World Championship, European GT3 could run together The FIA GT1 World Championship could be combined with the European GT3 series next season. Series boss Stephane Ratel has revealed that he has hatched the plan as a backup in an attempt to end speculation that either the world series or the FIA GT3 European Championship will fail to happen in 2012. He has so far been unable to put together the 10 teams he is seeking for GT1 World, while the..