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Saab ends deal with Chinese investors
Mon, 24 Oct 2011Saab 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.
Charles Morgan to appeal ousting by Morgan board (2013)
Fri, 18 Oct 2013By Ollie Kew Motor Industry 18 October 2013 17:00 Charles Morgan, who was ousted by the Morgan Motor Company's board this week after a decade at the marque, has released a statement reacting to his forced departure, and confirming his intention to fight the decision. You can read the statement in its entirety below. Charles Morgan has posted a single entry on a personal blog, outlining his dismay at the decision, and announcing he will appeal against the board.
Mitsubishi Lancer 2.0 DI-D Juro Review & Road Test (2011)
Sun, 06 Feb 2011Mitsubishi Lancer 2.2 DI-D Juro Review & Road Test “Wow, cool car,” said my teenage niece when I pulled up outside the house. “Can you take me to school in it?” Which of course I could. Which made her very happy.
