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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.

Nissan sales rise, Infiniti drops in April

Sales of Nissan brand cars rose in April, but the Infiniti luxury division posted a decline for the month. Nissan-division sales were 64,765 units in April, up 14.5 percent compared with a year ago. For the year to date, Nissan sales are up 23.4 percent.

Shanghai 2013: Conference and Awards events from CDN and Interior Motives

Can Design News and Interior Motives are gearing up for our annual visit to China for a number of important events in the industry's calendar, kicking off with the 2013 Interior Motives China Conference. This year's theme, ‘Technology and tradition – old meets new in modern-day China' features a new highly interactive format guaranteed to inspire and illuminate. Last year's event – timed to coincide with the run-up to the Beijing auto show – attracted over 400 senior OEM designers and Tier supplier executives from around the world, and this one promises to be bigger and better than ever.