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Saab owner and Chinese investors continue talks regarding takeover deal

Talks 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.

Michelin Challenge Design 2010

The Michelin Challenge Design is an innovative and progressive way for Michelin to actively support the automotive design community. The program finds its inspiration from Michelin's corporate mission of providing better and safer mobility for the future. The international design competition, now in its ninth year, offers participants from around the world a forum to share their passion and ideas.

Texting tragedy recounted by state trooper

Secretary of Transportation Ray LaHood is spreading messages aimed at ending distracted driving in honor of tweet, LaHood shared a touching story written by a Kansas state trooper. In the story, trooper Casey Simoneau recounts taking inventory of a car accident scene. The accident was caused by one driver hitting another car head-on after attempting to pass while texting.