2006 Lexus Is250 Is350 Owners Wallet on 2040-parts.com

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.

Hyundai shifts Santa Fe production to Kia plant to get more Sonatas

Hyundai Motor America is shifting production of its Santa Fe crossover to the Georgia plant of its corporate cousin, Kia Motors America, to free up production for more high-demand Hyundai Sonatas in Alabama. New workers have been hired at Kia's plant in West Point, Ga., to build the Santa Fe on a second production line, said a source familiar with the situation. The Santa Fe is now built at Hyundai's Montgomery, Ala., plant, which also builds the Sonata sedan.

Ford F-150 EcoBoost rated at 16 mpg city, 22 mpg highway

The 2011 Ford F-150 EcoBoost is certified to get 16 mpg city and 22 mpg highway, Ford said on Friday. The F-150 EcoBoost is powered by a 3.5-liter EcoBoost twin-turbo V6 engine. It produces 365 hp and 420 lb-ft of torque.