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New cameras spot traffic offences

ILLEGAL turns or misuse of yellow-box junctions are liable to be caught out by remote cameras in a pioneering initiative by a borough council. The first unattended CCTV enforcement system for moving traffic offences has been introduced by Redbridge council in east London. The council said the scheme was working well, with "serious traffic contraventions" captured.

Car Design Awards China 2013 contest launches

未来，中国设计 Future car designers in China are again being challenged to meet the needs of the future by entering the CDN competition which is dedicated to identifying the most promising talent. The fourth annual Car Design Awards China is now open, and entries are invited from students of any design discipline who are studying full time at a college in China. They will work to briefs set by the design chiefs of brands including Audi, JAC, Qoros, Volvo Trucks and Volkswagen.

U.S. equity firm to invest $70 million in Saab

Race-car fan and private-equity executive Alex Mascioli is pumping $70 million into Saab as the Swedish automaker works to stay afloat. Mascioli's firm, North Street Capitol, is buying $10 million in shares of Swedish Automobile, which owns Saab, and is also giving the company a $60 million loan to pay for the carmaker's reorganization. U.S.-based North Street Capital struck a deal in September to buy the Spyker sports-car business from Swedish Automobile for $44 million.