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Saab reportedly bought by Chinese-led consortium

A Chinese-controlled consortium has completed a deal to buy the assets of bankrupt Swedish carmaker Saab, media reports said. National Electric Vehicle Sweden (NEVS) will pay 1.5 billion to 1.8 billion kronor ($210 million to $250 million) for Saab, excluding spare parts company Saab Automobile Parts AB, according to reports in Sweden. NEVS did not confirm the reports.

BMW reveals ferocious new M3 and M4

IF YOU’RE no fan of Top Gear-style wheel-spinning, tyre-smoking oversteer, then it’s probably best to look away now, because BMW has unveiled the new M3 and M4. Essentially the same car underneath, the main differences come in the number of doors and the suspension settings, with the M3 built as a four-door, slightly more forgiving saloon and the M4 as a harder-edged two-door coupe. But both will go very sideways, if that’s the sort of thing that revs your engine, thanks to a shared 425bhp six-cylinder engine that sends all that juicy power to the rear wheels.

Mitsubishi Outlander (2006): first official pictures

By Phil McNamara First Official Pictures 29 September 2006 03:00 Mitsubishi Outlander: the lowdown Mitsubishi has finally unveiled the European Outlander, 11 months after the seven-seat crossover hit Japanese showrooms. But you'll still have to wait until 1 March 2007 to get your hands on the mid-size SUV. The Outlander is certainly a crossover, combining car-based underpinnings and primarily two-wheel drive with lockable four-wheel drive for when you hit the muddy stuff.