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Saab owner and Chinese investors continue talks regarding takeover deal

Talks between Saab's owner Swedish Automobile and two Chinese investors on a takeover deal to rescue the ailing carmaker will continue even though a memorandum of understanding signed by the parties only runs until Tuesday, Saab said. "They (the parties) are still in discussions about the structure of the deal going forward and they are continuing their cooperation as if the memorandum of understanding continues," Gunilla Gustavs, a Saab spokeswoman, told Automotive News Europe. The Chinese companies, Pang Da Automobile Trade Co.

Who's Where: Sangyup Lee appointed Bentley’s head of exterior design

Sangyup Lee has been appointed Bentley's head of exterior design. He reports directly to Luc Donkerwolke, head of Bentley Styling and Design and taken up the position left by Dave Hilton. Korean-born Lee joins the British carmaker from Volkswagen/Audi's Advanced studio in California, where he held the position of chief designer of Exterior from January 2010.

Porsche 918 Spyder finally debuts at Frankfurt motor show

Porsche initiated the final act in its drawn-out 918 Spyder introduction, revealing the production version of the 214-mph gasoline-electric hybrid two-seater at the Frankfurt motor show. The car will be produced on a dedicated line at Porsche's Zuffenhausen factory in Germany starting Sept. 12.