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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.

Sacramento, Salt Lake City, Los Angeles top road frustration study

Weather, crashes, traffic and attitude--these are the things that make our commutes unbearable. Now, the RoadIntel.com Web site has ranked cities based on its "road frustration index." The index is based on how weather affects the roads, the amount of traffic, the number of crashes and driver sentiment, which is calculated by searching for keywords such as "traffic jam" and "stuck" on Twitter. On the site, you can look at cities ranked day by day and even hour by hour.

Jaguar tops J.D. Power Survey in the US

Jaguar tops the US JD Power Survey for luxury cars in 2009 This year’s J.D. Power survey in the UK saw Lexus winning out, but it’s a different story on the other side of the Pond, where Jaguar have come top of the crop for the Luxury Sector followed by Cadillac, with Lexus, Mercedes and Land Rover filling up the top five. So the Brits (well, Indians) have taken two of the top five slots in what is probably the most influential car ownership survey around.