Scandvik 10283 on 2040-parts.com

Saab ends deal with Chinese investors

Saab owner Swedish Automobile scrapped a $340 million investment deal with Chinese automotive companies Zhejiang Youngman Lotus and Pang Da after they proposed a buyout, straying from the original deal. Youngman and Pang Da signed a nonbinding agreement in July to take a combined 53.9 percent stake in Swedish Automobile. The Chinese companies say circumstances have changed since that time, so the deal should too.

Volkswagen Space Up concept

By Ben Pulman Motor Shows 24 October 2007 10:30 Up, up, and away… Yes, the Volkswagen Up is back. The Tokyo Motor Show today saw VW unveil a second iteration of their new small family car – a third model will be shown at the LA Auto Show in November 2007. Called the Space Up!, the rear-engined car is a stretched version of the three-door we saw at the Frankfurt Motor Show earlier in the year.

Trio of Mitsubishi concepts bound for Tokyo

Mitsubishi is bringing three new concepts to next month's Tokyo motor show, the first to be developed with the automaker's ‘@earth' design philosophy. The carmaker says the three will emphasize Mitsubishi's engineering and advanced technologies that embody environmental responsibility, driving pleasure, toughness and safety. Concept GC-PHEV is a full-size SUV that uses a high output PHEV (plug-in hybrid electric vehicle) system and is billed as a ‘connected car' offering preventive safety technology, wireless connectivity and driver support.