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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.

Win a limited-run Lewis Hamilton portrait

By Ben Pulman Competitions 19 August 2009 09:00 CAR Online has teamed up with Mobil 1 to offer you the chance to win a limited-edition print of Lewis Hamilton, based on a portrait of the F1 driver which used the oil from his own race car. Click here to enter our competition Earlier this year US artist David Macaluso painted a portrait of Lewis Hamilton using the oil from the sump of the current F1 champ’s title-winning grand prix car. And now CAR is giving away one of 50 limited-run prints being produced.

Fiat 500C drops cover (and top) for Geneva show

To keep in step with Mini, Fiat will launch a convertible version of the 500 at the Geneva motor show. The 500C comes a couple months after Mini showed its own new convertible at the Detroit auto show. In place of the fixed roof is a power retractable soft top with rear glass window and built-in rear brake light.