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Saab reportedly sold to China’s Pang Da & Youngman for €100 million

Saab Sold to China? Update: Just minutes after publishing this story we’ve heard from Saab confirming this report is correct and that the administrator - Guy Lofalk – has withdrawn his application for Saab’s court protection to be removed. The deal will be subject to Government approval.

Cadillac CTS Coupe, CTS-V (2008): first official pictures

By Ben Oliver First Official Pictures 16 January 2008 04:07 Cadillac showed three major new models at Detroit, and pulled off one of the show’s few surprises by keeping its new CTS Coupe completely secret until it was officially unveiled. It also revealed the 550bhp CTS-V and the Provoq small SUV concept (see separate story). Although branded as a concept, the striking, angular two-door four-seat CTS Coupe will come to Europe in 2010 and will come here because it is based on the CTS saloon platform which will be offered in right-hand drive in the UK and other overseas markets.

Spyker attempting to sell Saab real estate in money-raising move

The next chapter in the Saab cash crunch appears to involve Spyker selling Saab real estate to an unnamed financial institution, with the automaker leasing the property back for its operations. Saab has been forced to shut down production twice in the past few weeks in the wake of unpaid supplier bills, raising concerns that Dutch owner Spyker may be facing a liquidity crunch. The latest move is likely aimed at freeing capital for the automotive operations while the company negotiates for a loan with the help of the Swedish government.