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Tata NOT bidding for Saab – but Mahindra are
Wed, 07 Mar 2012Tata may not want Saab - but Mahindra do. Despite claims that Tata have placed a bid for Saab, Ratan Tata has said they have not but confirms Mahindra has. Yesterday, in the midst of all the news coming in from Geneva, we heard rumours that Tata had placed a bid said to be worth $350 million for Saab.
Cadillac CTS-V: UK RHD models coming
Thu, 19 Jan 2012Cadillac CTS-V coming in RHD The Cadillac CTS-V – we assume in Coupe, Saloon and Estate versions – is being prepared for launch in the UK in right hand drive. One of the good things to come out of General Motors’ financial woes of a few years ago – apart from producing smaller world cars – has been the arrival of the Cadillac CTS-V. The Cadillac CTS-V may not be the biggest seller Cadillac are ever going to produce, but as a halo car to demonstrate just how good Cadillac can be, it’s pretty much unbeatable.
News watch November 2011: today's auto industry news
Tue, 29 Nov 2011Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Tuesday 29 November 2011• Saab's UK division today filed for administration as it waits for funding from its would-be Chinese investors (Automotive News Europe) • In a statement, Saab GB said: 'Saab Great Britain Ltd filed for administration with the High Court in London... The board of Saab GB is of the opinion that administration gives the company and creditors the necessary legal protection until the required funding for the company has been secured'• Frantic negotiations continue between Saab owner Swedish Automobile and its Chinese suitors, Youngman and Pang Da, which signed an MOU to buy Saab for €100 million.