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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.

Land Rover Discovery Sport

With the launch of the Evoque, Range Rover and Range Rover Sports, Land Rover has sufficiently bolstered its range of high-profit 'luxury' family of vehicles. Now, the Discovery Sport has been unveiled as the first of its renewed 'leisure' models. As these pictures show, the boundaries between the luxury and leisure ranges lie pretty close together, with the new Sport drawing heavily on the Evoque's design themes: a few degrees of approach angle are traded for rounder, far-less utilitarian bumpers; the character lines are more deeply cut into the bodysides and rise more steeply, and the C- and D-pillars are much faster than the outgoing Freelander/LR2's.

London black cabs to go 100% green by 2018

The Mayor of London, Boris Johnson, announced plans this week that will require all new London taxis to be zero-emission capable from 1 January 2018. The Mayor was speaking at Transport for London's 'New Taxis for London', an event where he met five manufacturers currently developing vehicles designed to meet the new requirements. Boris Johnson has previously pledged to make the capital an Ultra Low Emission Zone by 2020, although some have argued that it needs to come sooner than that.