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Saab turns down takeover offer from Chinese investors
Fri, 21 Oct 2011Swedish Automobile, owner of Saab, has turned down a takeover offer from China's Zhejiang Youngman Lotus Automobile Co. and Pang Da Automobile Trade Co. Youngman and Pa Dang signed a nonbinding memorandum in July to take a combined 53.9 percent stake in Swedish Automobile for about $338 million.
Vauxhall Mokka revealed
Tue, 10 Jan 2012Vauxhall Mokka With the arrival of the Buick Encore, the Vauxhall Mokka (and Opel Mokka) have also been revealed ahead of their Geneva debut. We must confess, we’d expected the Vauxhall Mokka to be the Vauxhall Mocha. But it looks like GM in Europe have decided to go with the German spelling, so the Corsa SUV will arrive in the UK as the Vauxhall Mokka.
BMW ‘i' subbrand aims for 2013 launch
Mon, 21 Feb 2011BMW has confirmed that the new subbrand through which it intends to market a range of advanced stand-alone hybrid, range-extended and plug-in electric models will be called BMW “i.” Created to develop, produce and market what BMW's head of marketing, Ian Robertson, describes as “innovative solutions to premium mobility,” the brand will be supported by a company established by BMW called i Ventures, through which the German carmaker plans to grow its range of mobility services. The i3 and the i8 will be the initial models and are planned for introduction in 2013. “These cars have been designed specifically for their respective alternative drive systems,” said Klaus Draeger, head of BMW's R&D operations.
