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Pininfarina takeover would boost Magna expertise in key areas

Magna International Inc. would become a stronger competitor for design and development jobs if it takes over struggling car styling and engineering firm Pininfarina S.p.A., executives say. “Magna badly needs design competence, and Pininfarina has top staff,” said Paolo Tumminelli, CEO of Goodbrands GmbH, a brand and marketing consultancy based in Cologne, Germany.

GM may extend Saab deadline, report says

General Motors is prepared to wait beyond the end of this week before deciding on the future of Saab as it reviews remaining bids, Bloomberg News reported. The news agency quoted Saab board member Paul Aakerlund as saying that if there is a bid that GM finds sufficiently interesting, then GM's Dec. 31 decision to wind down its Swedish unit "is not a date that's holy.” Aakerlund said GM told Saab last week that it would wind down Saab and simultaneously continue talks with bidders about a sale, said Aakerlund, who also heads the IF Metall union at Saab.

New car registrations at five-year high September 2013

New car registrations at five-year high September 2013 Despite the UK economy being in the doldrums for much of the past five years, new car registrations have recovered well ahead of the curve and still seem to be unstoppable. September saw new car registrations hit 403,136 – the highest figure for five and a half years – and the first time since 2008 new car registrations have broken the 400k barrier. We’ve covered the reasons before – pre-reg cars, dealer discounts and even PPI payouts – but car registrations are certainly continuing to give buoyancy to a recovery that’s still fragile.