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Saab ends deal with Chinese investors

Saab owner Swedish Automobile scrapped a $340 million investment deal with Chinese automotive companies Zhejiang Youngman Lotus and Pang Da after they proposed a buyout, straying from the original deal. Youngman and Pang Da signed a nonbinding agreement in July to take a combined 53.9 percent stake in Swedish Automobile. The Chinese companies say circumstances have changed since that time, so the deal should too.

Renault R-Space concept car (2011) at 2011 Geneva motor show

Renault will show off a glimpse of its thinking for the Scenic segment with the new R-Space concept car at the 2011 Geneva motor show. It’s a 4.3m long show car that’s designed to inject some pizzazz where today’s Scenic prefers a more sober style. The new-fangled Renault look as pioneered by incoming design chief Laurens van den Acker is present and correct: there’s a large diamond on the nose and heaps more character than the current MPV.

MINI Cooper S Diesel coming?

What appears to be a MINI Cooper S Diesel out testing The photo at the top appears to be a MINI Cooper S diesel. Which is not a car we had on our radar, but with MINI any sub niche of a sub niche is fair game, so it seems highly likely that a beefed up S version of the diesel MINI Cooper is in the offing. As we reported just the other day, we’ve already had at least a dozen new MINIs launched or revealed in 2009 alone.