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The Saab Saga – now it’s a share sale to raise cash

Saab Saab sell shares to GEM Global We’re not really sure we see how on earth the announcement from Saab that they are selling shares to raise funds is going to work. But we’ll report it anyway. The information we have is that Swedish Automobile is going to issue shares to help pay the outstanding bills it has, and to meet unpaid salaries for white collar workers.

Subaru Hybrid Tourer Concept revealed

The Subaru Hybrid Tourer Concept will be at the Tokyo Motor Show The Subaru Hybrid Tourer Concept has the usual flights of fancy, like double-length gullwing doors and a motorised dash that moves up and down to give thr driver the best view ahead. But if you ignore the obvious concept bits, the Tourer looks very close to a new Subaru model. Powered by a 2.0 litre turbo-charged Boxer engine, the Hybrid Tourer also gets a pair of electric motors and a CVT ‘box (shame on the CVT.

Chevrolet Trax is a rebadged Opel / Vauxhall Mokka

Chevrolet Trax - arrives at Paris in September The Chevrolet Trax – a compact SUV – has been revealed and will make its debut at the 2012 Paris Motor Show.  We’ve already seen the Buick Encore in the US become the Opel and Vauxhall Mokka in Europe, and now it’s to morph again in to the Chevrolet Trax, a compact SUV for GM to sell under another brand. GM has revealed that Chevrolet take on the Encore/Mokka will arrive at the 2012 Paris Motor Show in September before going on sale in the UK and Europe – and 140 countries around the world – in spring 2013. With Chevrolet planning the Trax as a world car it seems likely that the engines on offer will be a mix of those found in the Buick Encore and the Vauxhall Mokka.