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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.

Michelin Challenge Design announces pre-registration for 2011 Program

Michelin Challenge Design (MCD) is pleased to announce the 2011 Program Pre-Registration is now available at www.michelinchallengedesign.com. Milestones are opportunities for reflection and forward thinking. Michelin is doing both to celebrate the 10th year of its global transportation design competition, the Michelin Challenge Design.

Peugeot 308 RC Z – getting close

Peugeot 308 RC-Z caught testing (click for bigger picture) The 308 RC-Z is based on the same platform as the 308 and the Citroen C4 (which also underpins the new Citroen DS3). Power is likely to come from a choice of 1.6 litre turbos – 220bhp or 150bhp. Also likely to be on offer is an oil-burner.