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China's Pang Da, Youngman agree to buy Saab

Chinese firms Pang Da Automobile Trade Co. and Zhejiang Youngman Lotus Automobile Co. have agreed to buy Saab for $142 million (100 million euros).

China's BAIC interested in Fisker Atlantic model

A delegation from Beijing Automotive Group, or BAIC traveled to Fisker's facilities in California over the weekend, China Daily is reporting is reporting. BAIC has expressed interest in the Fisker Atlantic electric car, a vehicle that was at one point slated for production until Fisker ran into money problems back in March. Since that time, a number of Chinese automakers in addition to BAIC have shown interest in the technology.

Future products: Mercedes-Benz plans B-class coupe, crossover, sedan

Mercedes-Benz is set to launch a wave of small luxury vehicles in the United States. An all-new C-class coupe will debut next year, followed by three derivatives of the front-wheel-drive B class in 2012 and 2013. "Everyone wants to be Mercedes-Benz," said Ernst Lieb, CEO of Mercedes-Benz USA.