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Saab has terminated the deal with Youngman and Pang Da Did we expect anything different? Saab has announced that the deal for Chinese companies Youngman and Pang Da to take a €245 million stake in Saab has been terminated. Saab say that they have terminated the agreement because Pang Da and Youngman have failed to confirm their commitment to the Subscription Agreement on the agreed terms, and the money the Chinese (according to Saab) were to pay by this weekend has not been received.Tue, 04 Oct 2011 00:00:00 -0700
Winners in the fourth Chinese Auto Design Awards have finally been announced. Held at the China Agriculture Film and Television Center in Beijing, the glamourous ceremony saw awards given to two groups; students and automotive manufacturers. Amongst the automotive groups, it was GAC Trumpchi that was awarded the ‘Best Design Innovation Award', whilst Buick's picked up the ‘Golden Dot Award' for its ‘Envision' concept car.
One Lap of the Web: Porsche product planning secrets leaked, a visit Ferrari factory circa 1988 and the $30 million Chevy NovaFri, 27 Sep 2013 00:00:00 -0700
-- A Porsche insider might have just leaked all of the German automaker's big reveals for the next few years if a photo posted at Jalopnik can be trusted. There aren't any real earth-shakers here, but be on the lookout for a Boxster and Cayman GTS, the Macan and an old-school targa top for the 911http://edit.autoweek.com/apps/pbcsedit.dll/red# at the next few auto shows. -- How much is a '75 Chevrolet Nova worth to you?