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Saab: Muller seeking €600 million Chinese Bank loan to placate GM

Saab €600 seeking million China Loan Victor Muller is seeking a €600 million loan from a Bank in China to allow Saab to survive and circumvent GM’s objection to Chinese ownership. We’re not sure if this is ‘Plan B’ or whether we’re way beyond that now. But the latest ‘Save Saab’ pitch from Victor Muller is to acquire a €600 million loan from a bank in China to save Saab.

Dramatic design on tap for next-generation model

Jaguar’s next-generation XJ luxury sedan will incorporate design features from the C-XF concept first shown at Detroit, AutoWeek has learned. Although prototypes captured by spy photographers are disguised with BMW-style grilles, the face of the new 2010 XJ will feature Jag’s gaping square grille and a curvaceous body with a rakish, coupelike rear window. The final XJ incorporates slim headlights with double-projector lenses that are very close in design to those revealed on the dramatic C-XF shown at the 2007 North American International Auto Show.

Spyker in negotiations to sell its sports-car business to focus on Saab

Spyker Cars said Thursday it is negotiating to sell its sports car business to a company controlled by Russian billionaire Vladimir Antonov. Spyker, which bought Saab from General Motors Co. a year ago, said it has signed a memorandum of understanding to sell Spyker's assets to U.K.