90-97 Honda Accord 4-pc High Strength Rear Lower+upper Control Arms Camber Silvr 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.

Mitsubishi Outlander PHEV big dealer push – first UK cars being delivered

The Mitsubishi Outlander PHEV – moving quickly in the UK The Mitsubishi Outlander PHEV, the plug-in hybrid Outlander, has been the subject of a big marketing campaign by Mitsubishi in recent weeks, and this weekend sees a big dealer push to educate buyers. But actually, it’s a very easy job for Mitsubishi because they seem to have hit the ground running with a car that could see the beginning of the end of the BEV electric car market. That’s because the Outlander PHEV offers the best of both worlds, with its plug-in hybrid setup offering pure EV running for up to 30 miles or so – enough to get in and out of most cities – and the ability to run on carbon fuel even when the batteries run down.

News watch July 2010: today's auto industry news

Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Friday 30 July 2010• Renault has reported a net income of €823 million – with an operating margin of 4% and sales up 22% globally. Its worldwide market share now stands a whisker up at 3.8% (Renault)• La Regie said its business was performing much better than during the same period last year, when the recession bit into its profits.