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Luxury car price crash in China

Mercedes in China offering 25 per cent discounts on S Class Mercedes, BMW and Audi are having to offer discounts of up to 25 per cent on luxury cars in China to shift stock. The huge Chinese car market has been seen as a sales salvation for Western car makers; the automotive equivalent of shooting fish in a barrel. But it looks like that’s all changing, particularly at the luxury end of the market.

Saab is sold again: two Chinese makers buy Saab

Chinese car makers Pang Da and Youngman today agreed to buy Saab in its entirety from Swedish Automobile. It's the latest extraordinary twist in the saga of Saab, which has been technically bankrupt since September 2011 and built just 11,000 cars this year. The deal, which will see the Chinese car makers pay €100 million for Saab, has not yet however been signed and sealed.

Volkswagen Scirocco GT24 concept (2008): first pictures

By Ben Pulman First Official Pictures 22 May 2008 13:00 Who’d have thought a little gathering in Austria could give birth to three stunning concept cars. This is VW's new Scirocco GT24 concept and it's appearing at the Wörthersee Tour alongside the Audi TT and A3 Clubsport Quattros. The Volkswagen Scirocco GT24 concept is a road version of the trio of racecars (pictured bottom far right) that will compete in this weekend’s Nürburgring 24-hour race.