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Saab secures more funds as it seeks to avert collapse

Saab parent Swedish Automobiles has found another financial lifeline in China as the struggling carmaker faces possible legal action from unions over unpaid wages. In a statement this morning, Swedish Automobiles announced that an un-named Chinese firm has placed an order for 582 Saab vehicles, valued at 13 million Euro (£11.5m) with full pre-payment 'expected to be made this week'.  Saab plans to use the funds to pay wages and begin partial payments to component suppliers in order to restart production. Saab's financial crisis: the current situation.

Infiniti Etherea concept (2011) at 2011 Geneva motor show

This is the Infinit Etherea, unveiled today at the 2011 Geneva motor show, and the company is unusually candid about the purpose of this new, smaller Infiniti show car. The blurb says: 'it is a compact luxury model that previews how a future entry-level Infiniti could look.' Says it all really. The compact vehicle is aimed at the younger buyer looking for a little luxury - it's all about downsizing.

Rowan Atkinson’s McLaren F1 cost nearly £1 million to fix

Rowan Atkinson pranged his McLaren F1 in 2011 in Cambridgeshire and now, after a repair bill of £910,00, it’s back. We all know what a petrolhead Black Adder and Mr Bean actor Rowan Atkinson is, and most of the car world knows he owns a McLaren F1, and that he had a nasty accident in it in 2011. Rowan lost control of his F1 in damp and unpleasant conditions on the A605 near Peterborough and ended up going backwards in to a tree.