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Saab deal no longer valid says Pangda Chairman. The end of Saab?

Saab deal with China not valid says Pangda Chairman Update 10 am 12/10/11: Saab & Pangda have issued a statement about this story and say that the reports of the Saab deal with Pangda and Youngman as being no longer valid are “…based on a misunderstanding”. Whatever that means. Yesterday there was yet more speculation that Saab will be declared bankrupt as real doubt about the deal with Chinese companies Pangda and Youngman started to surface.

BMW Concept X5 eDrive: Driving impressions

We got a chance to sample the BMW Concept X5 eDrive, a plug-in hybrid version of the BMW X5 luxury SUV, ahead of its appearance at BMW's New York auto show press conference. While comprehensive driving impressions will have to wait for a longer test, we were able to get some quick impressions of the new BMW hybrid at the company's New Jersey headquarters. The X5 eDrive made short work of the hills and curves around BMW's campus, with all mechanical systems working pretty seamlessly.

Maserati GranCabrio is set for a Frankfurt debut, will go on sale this year

Maserati will debut the GranCabrio, its first four-seat convertible, at the Frankfurt motor show. The GranCabrio is a soft-top variant of the four-seat GranTurismo. It has a roof that opens or closes in 28 seconds and will go on sale by the end of this year.