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Saab turns down takeover offer from Chinese investors

Swedish Automobile, owner of Saab, has turned down a takeover offer from China's Zhejiang Youngman Lotus Automobile Co. and Pang Da Automobile Trade Co. Youngman and Pa Dang signed a nonbinding memorandum in July to take a combined 53.9 percent stake in Swedish Automobile for about $338 million.

Kia at 2009 Frankfurt motor show

By Tom Sharpe First Official Pictures 17 September 2009 14:00 Kia chose the 2009 Frankfurt Motor Show to introduce its new hatchback-cum-SUV, the Venga. But attracting more attention were hybrid versions of two of the South Korean manufacturer’s other models, the just-facelifted Ceed and new Sorento. In two very different ways.

2015 Corvette Stingray will get an eight-speed automatic transmission

2015 Corvette Stingray buyers will have a new transmission option when they head to dealer lots next year: An eight-speed automatic that will supposedly weight less than the six-speed it replaces and boasting quicker shift times than the dual-clutch in the Porsche 911. Named the 8L90, this eight-speed will be built in Ohio and will also be found on the upcoming Corvette Z06. If the gearbox is capable of handling the 625 hp put down by that supercharged beast, we're sure it'll take on the regular Stingray's 455 hp without breaking a sweat.