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Saab gets latest lifeline via $5 million infusion from Chinese company

Saab has been on the edge of collapse since a cash shortage early this year forced it to halt production. Now Automotive News reports that a last-minute payment from China's Zhejiang Youngman Lotus Automobile has given the Swedish carmaker yet another shot. Youngman wants to get a stake in Saab and has taken the first step by giving the company $5 million to cover tax expenses, with another $26.43 million forthcoming for unpaid salaries and $13.18 million more before the end of December.

Volvo Concept XC Coupe at Detroit Auto Show – previews the new Volvo XC90 (+ video)

The Volvo Concept XC Coupe (pictured) will debut at Detroit next month Volvo are heading to the Detroit Auto Show next month with the second of three concepts planned utilising their new scalable platform architecture which will underpin almost all future models – the Volvo Concept XC Coupe. The first of the three new concepts from Volvo came at the Frankfurt Motor Show back in September as the Volvo Concept Coupe – a new take on Volvo’s iconic P1800 – but this time we get a concept that points firmly at the new Volvo XC90, due in a year’s time as a 2015 model. We’ve already got some idea of what Volvo’s designers think the new XC90 should look like, but the styling cues on the Concept Coupe – and the teaser photos of the Concept XC Coupe (above) – give us a much clearer view of what Volvo are planning for one of their most successful cars.

Holden VF Commodore Calais V Concept

Holden has unveiled its new Calais V luxury sports concept, previewing the future design director of the carmaker's VF Commodore, which will be sold in the US as the Chevrolet SS. The halo car of GM's Australian arm is a clear evolution of the outgoing model, with an emphasis on greater percieved quality in order to appeal on a global scale. "You'll notice that the hood is more prominent, with a centre crease that emphasises performance potential and two raking spears sweeping in from the A-pillars," says Richard Ferlazzo Holden Chief Designer - Creative Design.