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Saab China – Deal Dead

Saab has terminated the deal with Youngman and Pang Da Did we expect anything different? Saab has announced that the deal for Chinese companies Youngman and Pang Da to take a €245 million stake in Saab has been terminated. Saab say that they have terminated the agreement because Pang Da and Youngman have failed to confirm their commitment to the Subscription Agreement on the agreed terms, and the money the Chinese (according to Saab) were to pay by this weekend has not been received.

Lexus IS Coupe arriving in 2014 & IS F V8 on the way

Now it looks like Lexus is going to bring the LF-CC to production life in 2014 as the Lexus IS Coupe (although there are rumours it could be the RC, but that may be for a production version of the even more appealing LF-LC as a range-topping Lexus Coupe) and equip it with the same petrol engine and hybrid options as the IS saloon. What is also in prospect is a return of the IS F – complete with sizeable V8 power – which, if it does arrive, will see the IS Coupe coming with the F engine option and making a very promising foray in to the powerful V8 Coupe market. What doesn’t seem likely is that Lexus are going to bother with a diesel option for the IS or Coupe, despite conventional wisdom saying they need a diesel option to compete in Europe because - as they’ve already demonstrated with the IS 300h – they can deliver an appealing and competitive hybrid with decent performance and price, and bring it in with under 100g/km emissions – perfect for the business market.

General Motors and Ford load up on small cars for bigger profits

Ford has no qualms about charging nearly $23,000 for a fully loaded 2011 Fiesta, which is smaller than the Focus. The Fiesta sedan, which goes on sale this summer, starts at $13,995, including shipping. The Fiesta, with a 1.6-liter four-cylinder engine and a six-speed transmission, gets 40 mpg on the highway.