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Saab ends deal with Chinese investors

Saab owner Swedish Automobile scrapped a $340 million investment deal with Chinese automotive companies Zhejiang Youngman Lotus and Pang Da after they proposed a buyout, straying from the original deal. Youngman and Pang Da signed a nonbinding agreement in July to take a combined 53.9 percent stake in Swedish Automobile. The Chinese companies say circumstances have changed since that time, so the deal should too.

Cadillac CTS (2014) [w/Gallery]

The all-new Cadillac CTS has broken cover ahead of its official debut at this week's New York Auto Show. This third-generation CTS is a clear evolution of its predecessors design-wise, but the crucial shift is in its growth – it's now, more logically, alligned to its main competitors, the BMW 5 Series, Lexus GS and Audi A6. This follows the smaller ATS' lead, which is within millimeters of a 3 Series.

Honda reveals Urban SUV concept

Honda's compact Urban SUV concept has been teased in a sketch ahead of its unveiling at the 2013 North American International Auto Show (NAIAS) in Detroit. From the sketch we can see pronounced wheel arches with a feature line flowing into the profile where it meets the concept's most striking aspect – an upwards-rising feature line that stretches until it meets the D-pillar. Although other details are sparse, the Japanese carmaker does say that the Urban SUV concept's interior is designed to maximize space using its center-tank layout.