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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.

Honda and Acura to extend incentives on out-of-stock vehicles

Honda has told its U.S. dealers to honor discount offers on models that aren't in stock in a bid to keep customers from buying from rivals as the automaker copes with shortages caused by the March earthquake and tsunami in Japan. The new program is called the Honda Promise, according to news-service reports.

College Exhibition: Monash University Degree Show 2009

Graduating students from the Industrial Design undergraduate program at Monash University in Melbourne, Australia recently presented their annual degree show. One third of the group developed transport related projects encompassing a broad range of topics including energy efficient personal mobility, sustainable materials and manufacturing, scientific data collection and emergency services. Overall, the students' work reflected a strong emphasis on user interaction, systems innovation and production integrity.