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Kia Cross GT SUV Concept teased ahead of Chicago debut

A new Kia Concept for a larger CUV/SUV – the Kia Cross GT – is being teased ahead of a reveal at the Chicago Auto Show. Kia may have made big strides in the last few years – along with sister company, Hyundai – but there’s no sense they’re resting on their laurels despite declaring 2013 the year when brand perception is key rather than huge sales growth. We already know that the Kia pro_cee’d GT and the five-door Cee’d GT, both the with a 200bhp petrol turbo – are heading for the Geneva Motor Show in March and will sit alongside the the Kia Urban Concept, which appears to be Kia’s take on the Nissan Juke.

2014 Honda Civic goes on sale today

The 2014 Honda Civic is now on sale. The LX coupe starts at $18,980 including destination while the top trim, an EX sedan with navigation, comes in at $25,030. A continuously variable gearbox is the only automatic transmission option this year, though a five-speed manual is available.

Saab unable to pay wages as financing crisis deepens

Saab's money troubles have worsened to the point that the struggling car maker is unable to pay its employees' wages on the eve of the Swedish mid-summer vacation period.In a brief official statement last night, Saab's parent company Swedish Automobile N.V (formerly Spyker Cars) announced that it was 'will be unable to pay the wages to employees as it has not yet obtained the necessary short-term funding.'  While Swedish Automobile and Saab continue to pursue options for securing short-term financing to solve the cashflow crisis, the company admitted 'there can however be no assurance that these discussions will be successful or that the necessary funding will be obtained.' Saab share prices tumble, Swedish government will not intervene Reaction to the worsening financial crisis from stakeholders has been predictably bleak. Swedish Automobile's shares dropped 61% in value yesterday, and are currently trading at 0.948 euro. The Swedish government, already guaranteeing a €400m loan to Saab by the European Investment Bank, shows no inclination to bail-out Saab, which employs 3800 staff.