04 Ltz Frame on 2040-parts.com

Saab owner and Chinese investors continue talks regarding takeover deal

Talks between Saab's owner Swedish Automobile and two Chinese investors on a takeover deal to rescue the ailing carmaker will continue even though a memorandum of understanding signed by the parties only runs until Tuesday, Saab said. "They (the parties) are still in discussions about the structure of the deal going forward and they are continuing their cooperation as if the memorandum of understanding continues," Gunilla Gustavs, a Saab spokeswoman, told Automotive News Europe. The Chinese companies, Pang Da Automobile Trade Co.

Mitsubishi Prototype-S sketches

By Tim Pollard First Official Pictures 28 January 2008 10:13 Fancy a cut-price Mondeo? Mitsubishi is readying a hatchback version of its Lancer family car for launch later this year – and will drop a few clues with this Prototype-S at the Geneva Motor Show in March 2008. Called Lancer Sportback, the production car will be a classic five-door, although you can bank on removing the wilder excesses of the side sills, aggressive snout spoiler and bonnet air vents on bread-and-butter models.

One Lap of the Web: High plains drifters, Vettel FX and supercars in London

We spend a lot of time on the Internet -- pretty much whenever we're not driving, writing about or working on cars. Since there's more out there than we'd ever be able to cover, here's our daily digest of car stuff on the Web you may not otherwise have heard about. YoTtube user Munch997 uploaded eight minutes of supercar glory, filmed on London streets.