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Restyled 2014 Mazda 3 preens in Frankfurt
Tue, 10 Sep 2013The new Mazda 3 made its first auto show appearance on Tuesday in Frankfurt. It's the first time we've seen the hot hatch since its five-city launch in June that coincided with the 10-year anniversary of the first 3. It's the third member of the family to use the Kodo design style, which means “soul of motion.” Here in the States, the 3 will offer two gasoline engines, both with direct injection.
Saab: China’s Pang Da & Youngman to invest $7.5 billion. UPDATED
Mon, 31 Oct 2011Saab: China to invest $7.5 billion Update: We have now been told by Saab that Pang Da and Youngman are to provide €50 million immediately and €600 million for short to medium finance. Funding for the revised business plan and provide long-term financial stability the new Chinese owners have also budgeted funding for the planned expansion of Saab Automobile’s portfolio and additional operations to be set up in China There will be a reduction of 500 in the employee numbers. Sales targets for 2012 of 35-55,000 cars and 2013 of 75-85,00 and long-term of 200,000 cars a year Interestingly, Saab says that ‘Saab Automobile has not received the funds from Pang Da and Youngman that have been committed for today.’ Oh, well. Although the deal which will see Saab sold to China’s Youngman and Pang Da is still subject to a raft of approvals – Swedish Debt Office, EIB, GM, Chinese Government… – it seems the Chinese have big plans to invest up to $7.5 billion in Saab in the coming years.
2011 Hyundai Santa Fe to join Kia Sorento at Georgia factory
Tue, 31 Aug 2010Hyundai will launch production of the 2011 Sante Fe on Sept. 27 alongside the 2011 Kia Sorento at the recently opened Kia factory in West Point, Ga. The plant will add a second shift on Oct.