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SAIC Roewe W5

Previewed by the Roewe W5 Concept unveiled at the 2011 Shanghai motor show, SAIC's new SUV derived its styling from the Ssangyong Kyron, which was reworked by Ma Zhengkun (Ken Ma)'s design team. Measuring 4676mm long, 1888mm wide and 1765mm tall, the new car is similar in size to the Toyota Highlander. SAIC is calling the new vehicle a ‘cross-specialty SUV'.

2014 World Car Awards shortlist announced

The shortlist of finalists for the 2014 World Car Awards (WCAs) has been announced, revealing the cars that will compete for the 2014 World Car of the Year, as well as the World Luxury Car, the World Performance Car, the World Green Car and the World Car Design 2014 awards. MSN Cars’ very own Peter Burgess is amongst the 69 global motoring journalists who have whittled down the contenders in each of the categories – there are supposed to be 10 of each, but some tied results at this stage mean some of the awards have slightly more finalists this year. The next stage reduces the field down to three cars vying for each award.

Bondholders snub GM, bankruptcy filing likely

Nowhere near enough General Motors bondholders agreed to exchange their debt for stock before a midnight Tuesday deadline, making a bankruptcy filing by the automaker highly likely. GM had set a threshold of 90 percent of the $27 billion in bond debt it wanted to exchange for 10 percent of the stock in a reorganized company for the deal to take place. In a statement Wednesday, GM said the amount of notes tendered was substantially less than the 90 percent target.