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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.

Concept Car of the Week: Ferrari Pinin (1980)

Over the years, Ferrari has slowly built a reputation for the fact that any car that wears the prancing horse badge on its bonnet ought to be a design masterpiece. Everyone has their own personal favorite: 250 GTO, 250 GT California Spider, 330 P4, Modulo, Daytona, you name it...  Yet few would remember – or even know about – the odd ones, the ugly Ferraris hidden away, rarely allowed to see the light of day; a few rare cars that got brushed under the carpet as quickly as they appeared include the 365 GTC/4, FZ93 Zagato, the 408 Integrale and the Pinin. Most of them are the work of independent studios, long-distanced from Enzo's (dis)approval.

Petrol cars twice as likely to fail MOT on emissions

The latest MOT test data shows that 26.2% of all cars tested fail on excess exhaust emissions – and surprisingly petrol cars fail more than twice as often as diesels in this part of the annual roadworthiness test. According to the official Vehicle Operator and Standard Agency (VOSA) figures, which cover all of 2010 and the first nine months of 2011, 9.7% of petrol cars failed to meet MOT emissions standards compared to just 3.9% of diesels. On Bing: see pictures of the MOT test Find out how much a used car with 12 months MOT costs on Auto Trader The analysis has been carried out by fuel additive “provider” Redex, which naturally has an interest in the findings, since its products are designed to breakdown engine deposits and improve efficiency.