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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.

Suzuki puts kibosh on Kizashi sedan, report says

Japanese automaker Suzuki has backed off plans to build large cars and build assembly plants overseas, according to a report in the Nikkei business newspaper. Suzuki has shown a series of concept vehicles named Kizashi that executives said were pointing toward a production version of a large sedan. And pictures of sedan protoypes have been captured by spy photographers.

Chevrolet Corvette Z06 (2014) first teaser picture

By Ben Pulman First Official Pictures 05 December 2013 11:00 Coincidence? On the same day that Ford has revealed the new Mustang, Chevrolet has announced a new Corvette in a cheeky bid by one iconic American sports car to deflect attention away from another. Unlike the Mustang it’s not an all-new model, but instead a harder, faster, more track-focused variant of the Corvette, the new Z06.