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Korea to build more Nissan Rogues for U.S. market
Fri, 20 Jul 2012Nissan is turning to Korean automaker Samsung to take the heat off its North American production needs as it struggles to stay a step ahead of U.S. sales forecasts. Nissan is expanding its two big U.S.
Lamborghini Aventador LP700-4 is sold out for more than a year
Wed, 23 Mar 2011The sleek, angular Aventador LP700-4 from Lamborghini wowed showgoers in Geneva, and it's impressing potential buyers. Lamborghini said on Wednesday that it has received more than a year's worth of orders for the Aventador, which stickers for $379,700, including the gas-guzzler tax, in the United States. It arrives in the second half of this year.
Saab: China’s Pang Da & Youngman to invest $7.5 billion. UPDATED
Mon, 31 Oct 2011Saab: China to invest $7.5 billion Update: We have now been told by Saab that Pang Da and Youngman are to provide €50 million immediately and €600 million for short to medium finance. Funding for the revised business plan and provide long-term financial stability the new Chinese owners have also budgeted funding for the planned expansion of Saab Automobile’s portfolio and additional operations to be set up in China There will be a reduction of 500 in the employee numbers. Sales targets for 2012 of 35-55,000 cars and 2013 of 75-85,00 and long-term of 200,000 cars a year Interestingly, Saab says that ‘Saab Automobile has not received the funds from Pang Da and Youngman that have been committed for today.’ Oh, well. Although the deal which will see Saab sold to China’s Youngman and Pang Da is still subject to a raft of approvals – Swedish Debt Office, EIB, GM, Chinese Government… – it seems the Chinese have big plans to invest up to $7.5 billion in Saab in the coming years.