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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.

Cannonball Run seminar at Amelia Island was one for the ages

I don't think I've been to a bad car show, and that includes the local Kamaro Klub in the Dairy Queen parking lot. But I tend to judge the shows by the afterglow--how much you remember a day or two after the event. I tend to remember a lot after every Amelia Island Concours d'Elegance, and that is mostly because the founder, Bill Warner, uses his annual North Florida show to do exactly what you and I would do if we ran a big show--invite our heroes to come talk and invite the cars we'd like to look at ourselves.

Future products: The new Ford has learned to think small

Ford Motor Co., long known for pickups and SUVs, will emphasize cars, crossovers and fuel-efficient engines in the next few years. The company wants to be the fuel economy leader, and federal mpg standards are rising. Ford launched the Fiesta subcompact this summer and will introduce a redesigned Focus compact early next year.