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New Mercedes-Benz SUV coupe for Beijing

Mercedes-Benz Mercedes-Benz has teased its answer to the BMW X6 ahead of its unveiling at the 2014 Beijing Motor Show. The coupe SUV – which is likely to be called the MLC – will be based on the ML and shown at Beijing in concept form, before a production vehicle is revealed next year. Like the X6, the Mercedes-Benz concept coupe SUV features a rakish rear roofline and is likely to divide opinion among buyers.

New 2015 Mazda MX-5 revealed

The new Mazda MX-5 has been umveiled The Mazda MX-5 is the car we, the British, would still be making if we hadn’t forgotten how to make fun to drive and affordable roadsters for the common man. Fortunately, Mazda has taken up the Mantle with the MX-5 over the last 25 years, and the new 2015 MX-5 looks like it will offer more of the same. The new MX-5 has a new chassis, a pair of new SkyActiv petrol engines and manages to be lighter and smaller than the current MX-5 – which augers very well for its appeal and ability.

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.