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Saab ends deal with Chinese investors

Saab owner Swedish Automobile scrapped a $340 million investment deal with Chinese automotive companies Zhejiang Youngman Lotus and Pang Da after they proposed a buyout, straying from the original deal. Youngman and Pang Da signed a nonbinding agreement in July to take a combined 53.9 percent stake in Swedish Automobile. The Chinese companies say circumstances have changed since that time, so the deal should too.

Mazda RX-8 – Just a few left

The Mazda RX-8 - fewer than 100 RHD cars left In an email that looked suspiciously like a warning from QVC that their latest pitched offering really is being gobbled up quickly, and you’ll have to pick up the phone NOW to secure their latest life-changing bit of tat, Mazda inform us that stocks of the Mazda RX-8 are down to the last knockings. We reported a bit back that the RX-8 was to make its way to the great scrapyard in the sky, another victim of the increasingly strict Euro emissions regulations - Euro 5 coming in to play in January 2011. So although the RX-8 will continue for now in some parts of the world,  production in Hiroshima has ended for the UK and Europe.

Alfa Romeo is not for sale, Fiat chairman says

Fiat will not sell its Alfa Romeo unit and plans to relaunch the brand in the United States in late 2012, top Fiat executives said. “We would not sell Alfa even if we were offered tons of money,” Fiat chairman John Elkann told reporters at the Detroit auto show on Monday. Fiat and Chrysler CEO Sergio Marchionne said: “Alfa is part of Fiat's operational perimeter and we've already invested too much to get rid of it.” Volkswagen AG is rumored to be pursuing Alfa Romeo.