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Renault buys Caterham out of the joint Alpine sports car venture

Renault buys Caterham out of the joint Alpine sports car venture It’s more than eighteen months since Renault and Caterham joined forces to create a new breed of sports cars around the Alpine brand. Renault say the arrangement is a mutual one and officially brings to an end the joint venture, and that the business will be renamed Société des Automobiles Alpine this month, although Renault aren’t excluding further ventures with Caterham in the future. The split means that the Alpine project will now be a purely Renault one, and Renault are planning to get their Alpine to market by 2016.

Saab gets more cash from China partner

Saab has received another cash boost from its new China partner Pang Da with an additional order for 630 cars, worth 15 million euros or $21.7 million at current exchange rates. The order comes on top of an order for 1,300 cars worth $43.3 million (30 million euros) received by Saab from Pang Da in May. The Chinese company will pay in advance for the order and delivery of the vehicles will start in the third quarter, Saab said.

Jaguar to invest £200 million in F-Type production at Castle Bromwich

Jaguar F-Type - to be built at an expanded Castle Bromwich Jaguar Land Rover are planning to invest £200 million expanding their Castle Bromwich plant to launch production of the new Jaguar F-Type. Jaguar Land Rover has revived sales across both the Jaguar and Land Rover ranges, but it’s Land Rover that’s driving sales – particularly with the new Evoque. JLR are seeking to emulate the enormous success the Evoque is enjoying at Land Rover by launching the new F-Type at Jaguar, and are planning to invest £200 million expanding the Castle Bromwich plant to make sure the Jaguar F-Type doesn’t suffer production problems.