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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.

Lotus V8: the new engine plan in full

Lotus has confirmed details for its new inhouse V8 engine family, which will make its first road car appearance in the 2013 Esprit. Responding to feedback which said the 'New Era' plan to launch five new models was weakened by its reliance on Toyota engines, the new management team decided last Christmas to design and develop its own engine. 'The feedback from customers was "how can you justify a £100,000 car with a Toyota engine?",' said chief executive Dany Bahar.

Detroit Motor Show 2008 A-Z

By Tim Pollard Motor Shows 16 January 2008 03:51 Don't miss an unveil at Detroit with our handy A-Z of all the key cars. CAR Online is reporting from America's biggest car show this week - the North American International Auto Show in Detroit. If you want the definitive CAR view on all the news, gossip and trends at the show, be sure to come back to our handy A-Z of all the stories.