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Peugeot 2008 Concept

Peugeot will unveil its new 2008 Concept at next week's Paris motor show, developed by design teams in Paris, Shanghai and Sao Paolo. The automaker has confirmed that the 2008 will go into production; first in France, then China and then Brazil as a global product. It comes after Peugeot displayed its Urban Crossover concept at this year's Beijing auto show, which bears an uncanny resemblance to the 2008.  The 2008 concept, which measures 4,140mm long and 1,730mm wide, is painted matte fluorescent yellow with dark chrome surrounding the now-familar floating grille and the air inlets integrated into the fender.

Saab seeks partner for new small car, aims to be a contract manufacturer

Saab is continuing its search for a partner to help it build a new entry-level car and the company also wants to build vehicles for other automakers at its factory in Sweden, Chairman Victor Muller said. "We are talking with other manufacturers to buy a platform or drivetrain technology for this entry-level car," Muller told Automotive News Europe. "It should come as soon as possible, in 2014 the earliest." Muller said the car would be priced at about 20,000 euros, or about $28,300 at current exchange rates.

Chinese bank may join Saab rescue deal

Saab's owner, Swedish Automobile, said on Monday it is discussions with a bank in China and Chinese automaker Zhejiang Youngman Lotus Automobile over a rescue deal for Saab. Reports had said on Sunday that the Bank of China would replace China's Pang Da as an investor in Saab, which is under bankruptcy protection. Swedish Automobile confirmed Monday that it is talking with Youngman and a bank in China about an equity interest, but did not name the bank.