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Will Volvo need a JV in China with itself?
Tue, 29 May 2012Western car makers wanting to operate in China need a joint venture with a Chinese partner. And it looks like Volvo is going to have to partner with itself to keep officials happy. The Chinese authorities are keen to make sure that Western car makers can’t just rock up on their doorstep, open up a factory or three and flog cars in the most populous nation on earth.
911 Turbo S ‘Edition 918 Spyder’ revealed
Mon, 21 Mar 2011Porsche 911 Turbo S ‘Edition 918 Spyder’ Earlier today we reported that Porsche has finally got round to putting the 918 Spyder on sale at a rather eye-watering £678k. And there will only be 918 built. But that wasn’t the only car Porsche revealed this morning.
Saab's finance struggle: the latest news
Fri, 13 May 2011Time appears to be running out for Saab, which hasn't built a single car since 1 April. And the hunt for new investors intensified this week as a deal worth more than £100 million with a Chinese partner collapsed. Trollhattan factory has been idle since 1 April, halted by cashflow issues which saw suppliers withold parts in response to unpaid bills.