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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.

Audi A1 – the tease begins + video

Audi have started the tease for the A1 We’ve known the Audi A1 has been coming for years. For goodness sakes, we’ve seen two concepts for it and had the head of Audi’s production plant in Belgium saying (wrongly, as it turned out) that production of the Audi A1 would start in October 2009. But that’s not going to stop Audi playing at ‘Tease’, so with production of the A1 now scheduled to start in early 2010 they’ve started to tease the new MINI-competing Audi.

McLaren Automotive Company created as an independent

The McLaren P11 will be the first of McLaren Automotive's new cars in 2011 The whole road car business at McLaren is to be made an independent company – McLaren Automotive – and is aiming to produce 1,000 cars a year by 2011 and 4,000 a year by 2015. McLaren plans that the cars they produce will be more exclusive, and more expensive, than the competition from Italy. The ball will start rolling with the McLaren P11, a car aimed squarely at the F430/Gallardo market.