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Saab China: Deal to sell Saab to Youngman & Pang Da is already in trouble
Sat, 05 Nov 2011Will GM stop the sale of Saab to China? Selling Saab to China was always going to be fraught with difficulties. The initial deal Victor Muller seemed to have brokered with Youngman and Pang Da was to sell a majority stake in Saab for €245 million but leave Victor Muller in charge.
Lotus secures more funding, but five-year plan is dead
Mon, 22 Jul 2013The five-car, five-year plan for Lotus developed under Dany Bahar is dead, according to an Autocar report. But rumor has it that the sexy Esprit concept could be revived at a low cost. Tan Sri Mohd Khamil Jamil, managing director of the company that owns Lotus parent company Proton, DRB, confirmed that the company sold 70 cars in the U.K.
Kia opens new Design Center America
Tue, 08 Jul 2008Kia Motors has opened its new Design Center America, located adjacent to the new US corporate headquarters in Irvine, California, about 40 miles southeast of Los Angeles. The opening ceremony of the new US 21.8-acre Kia Corporate campus was held on June 24 and was presided by Byung Mo Ahn, group president and CEO of Kia Motors America and Kia Motors Manufacturing Georgia. He was joined at the ceremony by both local and state representatives, as well as members of the media and guests.