Saab ends deal with Chinese investors

Saab owner Swedish Automobile scrapped a $340 million investment deal with Chinese automotive companies Zhejiang Youngman Lotus and Pang Da after they proposed a buyout, straying from the original deal. Youngman and Pang Da signed a nonbinding agreement in July to take a combined 53.9 percent stake in Swedish Automobile. The Chinese companies say circumstances have changed since that time, so the deal should too.

Mustang named favourite classic

THE FORD MUSTANG has been voted Europe’s most wanted classic car with 37% of those polled saying they would love to have the American sports car in their garage. "Ford Mustang is more than a car, it’s the freedom of the open road and the spirit of performance driving," said Roelant de Waard, vice president, Marketing, Sales and Service, Ford of Europe. "Mustang has been a fundamental part of global automotive culture for almost half a century and is one of the world’s most recognisable vehicles." Launched in 1964, Mustang became an instant sensation and inspired millions of people.

Chevrolet plays the name game with paint color for the upcoming Volt

We know the Chevrolet Volt is going to be green, but what color will it be? Chevy is staging a contest to officially name the color of the Volt, and it's down to three finalists: EV-ergreen, environMINT and Viridian Joule. Two of the names were submitted by California residents, and one came from Florida.