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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.

CPP announces new Jensen Interceptor

Coventry Prototype Panels is on an impressive roll. Following heady investment from its Russian investor and a passionate drive from its founder and Managing Director, Brendan O'Toole, the coachbuilding specialist has expanded rapidly over the past two years, acquiring brands and forming partnerships. The latest chapter in the ongoing development of the company aims to resurrect not only the Jensen brand, but also its most famous creation: the Interceptor.  The new car, set to publicly unveiled in late 2012, has been penned by Coventry-based design consultancies and echoes the original built between 1966 and 1976.

Peugeot 208 Style arrives – costs from £13,445

Peugeot 208 Style arrives It’s nearly two years since the new Peugeot 208 started arriving in the UK, and it’s a decent little car with plenty of options and a sensible price tag. But the newness of the 208 is starting to wear off a little, so Peugeot are aiming to put some pep in to sales and some footfall in to showrooms with a new special edition 208 – the Peugeot 208 Style. Based on the best-selling 208 Active trim, the 208 Style comes with a panoramic glass roof, SatNav, parking sensors and chrome door mirrors, with the interior getting new seat trim.