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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.

Road accident injuries highlighted

THE NUMBER of 20 to 24-year-olds injured in road accidents is nearly twice as high as the national adult average, according to Government statistics. As many as 6.7% of 20 to 24-year-olds said they had been injured in a road accident in the period 2010 to 2012 compared with the all-adult (16 and over) average of 3.8%. The next-worst casualty age range was 25 29-year-olds, of whom 5.8% suffered a road accident injury in 2010-12, while the figure for 30 to 39-year-olds was 5.0%.

Corvette Stingray-based Callaway AeroWagon gets the green light

We first saw renderings of the Callaway AeroWagon, an angular shooting brake based off the 2014 Chevrolet Corvette Stingray, back in March. Back then, Callaway said it would produce the customized C7 if demand was sufficient. Apparently, the Connecticut-based tuner decided that demand was, indeed, sufficient.