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China's Pang Da, Youngman agree to buy Saab

Chinese firms Pang Da Automobile Trade Co. and Zhejiang Youngman Lotus Automobile Co. have agreed to buy Saab for $142 million (100 million euros).

Jaguar slashes prices – in Australia

Jaguar has slashed prices across its range in Australia – by as much as £40,000 – as it fights for a bigger market share. But there’s also a feeling that all those years of protectionist import tariffs have inured Australians to the high price of luxury cars, and that car makers take advantage of that by keeping prices high, regardless of the level of taxes imposed on their products. That means something like a Rolls Royce Phantom costs £650k and a Porsche 911 starts at £150k.

Ford Kuga Coupe planned?

It looks as if Ford are planning a Ford Kuga Coupe for 2011 But Ford are obviously looking with interest at the ‘Style’ element of the market place. As people are downsizing in the current recession there are plenty looking for something that still says ‘Individual’ but without the price tag of the premium makers. And it appears as if Ford are seriously considering producing a ‘Style’ version of the Kuga – The Ford Kuga Coupe.