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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.

Mercedes SLS AMG Coupe Electric Drive (2013) news

Mercedes-Benz today unveiled the new SLS AMG Coupe Electric Drive at the 2012 Paris motor show - the production supercar EV derived from the SLS E-Cell concept car. It thrusts Mercedes right into the thick of the race for green supercars, jostling for attention with the forthcoming McLaren P1, Ferrari Enzo successor, Honda NSX, Porsche 918 and Jaguar C-X75. However, Merc has leapfrogged many of its competitors since the SLS AMG Coupe Electric Drive goes on sale in summer 2013 exactly as you see here.

Redesigned 2013 Lexus LS offers new sheetmetal, safety features

Lexus Division unveiled its new LS 460 flagship luxury sedan that arrives in dealerships this fall, with standard and long-wheelbase editions, a hybrid version and a new F-Sport trim level with improved handling dynamics. Despite its sheet metal changes, the car is actually little changed underneath. Its 4.6-liter V8 engine and eight-speed transmission are basically carryover, at a time when luxury brands are using powertrain technology as a differentiating ploy.