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Saab plans to restart production on Aug. 9

Saab owner Swedish Automobile NV said Thursday that the struggling automaker aims to restart production at its Trollhaetten plant in Sweden on Aug. 9. The news follows the Swedish government's approval of Swedish Automobile's request to sell part of Saab's property unit to a consortium of Swedish real estate investors, the company said in a release.

GM shifts gears, will keep Opel

General Motors' board of directors has decided that it will keep the Opel business and restructure it, putting an end to plans to sell the European operations to auto supplier Magna International. GM said it expects the restructuring of Opel to cost $4.42 billion (3 million euros), which it says is lower than the costs associated with outside bids for the company. GM said it will soon present its restructuring plans for Opel to the German government and other governments in Europe.

New Mazda2 To Debut At October Paris Show

JAPANESE car maker Mazda has taken the wraps off its latest generation Mazda2 model. The compact hatch will be given its public debut at the Paris Motor Show in October. Taking many of its styling cues from the recently launched Mazda3 and mid-size Mazda6, the firm’s new small car also boasts a full range of its ‘Skyactiv’ technology focused on improving driving dynamics and boosting efficiency and economy.