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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.

BMW M3 GTS – more videos

The new BMW M3 GTS - more video On Wednesday we reported on the reveal of the BMW M3 GTS, a track-focused, stripped-out and lightweight BMW M3. It will deliver at least 450bhp from its 4.4 litre V8, all of which will be driven through the rear wheels by a 7-speed M Dual Clutch Transmission (M-DCT). Apart from the obvious orange paint job, the M3 GTS gets a very seventies looking rear wing bolted to the boot.

New Audi A3 Cabriolet starts at £25,790 – first deliveries April 2014

New Audi A3 Cabriolet starts at £25,790 – first deliveries April 2014 The new Audi A3 Cabriolet – the fourth member of Audi’s A3 range – was revealed in September at the Frankfurt Motor Show and now, with first deliveries expected by spring 2014 in the UK, Audi has revealed the new drop-top A3 will cost from £25,790. That will buy you in to the entry-level SE trim which comes with a fully automatic roof in black, 16″ alloys, AirCon, MMI radio, iPod connection, DAB, Bluetooth and prep for an SD card Nav. The Sport and S Line sped A3s sit 15mm lower than the SE and get an acoustic folding roof in a choice of black, grey and brown and you can, if you wish, opt for the softer SE suspension or, if your season ticket for the chiropractor is up to date, spec the S Line with sports suspension.