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Saab calls off deal with Chinese automaker
Thu, 12 May 2011Saab parent Spyker Cars NV said Thursday that a strategic partnership deal with China's Hawtai Motor Group that would provide cash to help Saab turn around its business has been terminated. As a result, Saab may enter into a new strategic partnership with Hawtai or another Chinese party on manufacturing, technology and distribution in China, Spyker said in a release. "Since it became clear that Hawtai was not able to obtain all the necessary consents, the parties were forced to terminate the agreement with Saab Automobile and Spyker with immediate effect.
Dodge Hornet is go
Wed, 04 Jul 2007By Tim Pollard Motor Industry 04 July 2007 12:30 The newly independent Chrysler Group has saved its deal with Chinese maker Chery - which means that the Dodge Hornet is a step closer to production. Dodge needs a partner with which to develop new smaller cars, like the Hornet, as it's too cash-strapped to fund them solo. The deal signed last night means that the two car makers will 'work together to develop, manufacture and distribute Chery-made small and sub-compact cars in North America, Europe and other major automotive markets under the Chrsyler Group brands.' No mention was made of the Hornet, but Chyrsler’s international director for sales and marketing, has previously told CAR Online that the firm would produce the butch supermini.
Nissan Juke Nismo RS (2014) hotter Juke revealed, plus Qashqai Nismo confirmed
Fri, 22 Nov 2013By Ollie Kew First Official Pictures 22 November 2013 11:30 Nissan’s performance sub-brand, Nismo, has come out fighting. Just a day after revealing the supercar-humbling Nismo GT-R, the outfit has revealed this hotter version of the performance Juke: the Juke Nismo RS. It’s on sale in summer 2014, priced from around £22,000.