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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.

New York to LA record for pre-war cars to be attempted again in a 1930 Ford

Australians Rod Wade and Michael Flanders will be making a second attempt to drive from New York to Los Angeles in less than 60 hours on Nov. 22, after their first attempt ended two weeks ago with their 1930 Ford Model A suffering a mechanical failure 38 hours into the trip. That effort began in the early morning hours of Oct.

Mitsubishi Evo X prices announced

By First Official Pictures 18 December 2007 18:07 Mitsubishi has just announced prices for the tenth evolution of its Lancer, and it will cost considerably more than its rival from Subaru. The cheapest Evo X will be £27,499, £2504 more than the Subaru Impreza WRX STi. But if you’re not in the market for the all-out, all-paw Lancer then fear not, because the base 1.5-litre front-wheel drive model will cost only £12,499, just £4 more than the equivalent Scooby.