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Saab owner and Chinese investors continue talks regarding takeover deal
Tue, 15 Nov 2011Talks 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.
Hongik University's transportation design process
Mon, 22 Jun 2009Hongik University in Seoul, Korea, is one of the preeminent design schools in the country with a diverse range of programs. But the school's transportation design department has also developed a unique approach for concept ideation. At the International Transportation Design Forum in Pforzheim, Germany, Professor Joo Hyun Chung from the school's Transportation Design course gave Car Design News an exclusive insight into the process, explaining how students express their ideas into 3D surfaces directly, using materials such as paper and wire for the first exploration of the form rather than the traditional 2D to 3D process.
England football squad planning big car buys after the World Cup
Thu, 12 Jun 2014The Ferrari 458 Spider – just one of the supercars heading for an England player We’re all aware that our very well-paid Premier league footballers love to spend their loose change on a never-ending stream of exotic and expensive wheels, but it seems – almost to a man – they’re planning a big spending spree when they return from Brazil. Magnitude Finance – a go-to finance company for high-end purchases – has revealed that thirteen of the current England squad are clients and that they have big plans for their car fleets when they get back from Brazil – whether they win and get a reputed £350k win bonus or not. The most popular cars being lined up by the players include the new Range Rover, the Lamborghini Aventador LP700-4 Roadster and the Ferrari 458 Spider.
