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Volkswagen Passat CC (2008): first official pictures

By Ben Pulman First Official Pictures 13 January 2008 11:16 Welcome to the world’s second four-door coupe, the Passat CC. Following the lead of the Mercedes CLS, Volkswagen has redrawn the Passat to give us this swoopy mini-me Phaeton lookalike saloon. It's an attempt to stretch the Passat further upmarket - away from its humdrum fleet roots and nearer the hallowed doorway to the compact premium market.

Jaguar Land Rover reveals huge profits growth

Jaguar Land Rover has reported half-year profits have broken the £1 billion barrier, with profit before tax of £1.083 billion marking a massive 42% year-on-year increase. Profits in the last three months alone were £668 million, said the firm. MORE new British jobs for Jaguar Land Rover Range Rover: why it is already battling Bentley The strong results are thanks to continued sales growth for the two British luxury car brands: sales over the past three months increases 21% to 102,644 cars – beating even the half-year sales rise of 16% to just over 197,000 vehicles.

Saab files for reorganization, seeks $1 billion to survive

Saab is seeking $1 billion (793 million euros) to be self-financing, the company said on Friday after it filed for reorganization under a self-managed Swedish court process. The General Motors-owned Swedish brand said it will work "to create an independent business entity" and will concentrate production, design and engineering in Sweden. Saab said it would continue to operate as normal during the reorganization process, with GM and the Swedish government providing some support.