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Can Horn get US Volkswagen sales back on track?

Volkswagen AG's German executives readily admit they are a bit baffled by America, where, despite decades of exertion, Volkswagen's namesake VW brand still doesn't rank as a marquee marque. So why would the automaker choose a German native and Wolfsburg veteran, Michael Horn, as the new CEO of Volkswagen Group of America, to succeed Jonathan Browning, 54, who is leaving at the end of the year? To VW insiders and U.S.

Saab deal no longer valid says Pangda Chairman. The end of Saab?

Saab deal with China not valid says Pangda Chairman Update 10 am 12/10/11: Saab & Pangda have issued a statement about this story and say that the reports of the Saab deal with Pangda and Youngman as being no longer valid are “…based on a misunderstanding”. Whatever that means. Yesterday there was yet more speculation that Saab will be declared bankrupt as real doubt about the deal with Chinese companies Pangda and Youngman started to surface.

2013 Honda Fit EV sales expand to East Coast

Honda is expanding leases of its Fit EV from the left-coast bastions of Oregon and California to the East Coast markets of Massachusetts, Connecticut, Maryland, New York and New Jersey. Eco-minded East Coasters still can’t buy the car outright, but they’ll now be able to lease the electric Fit for three years at a cost of $389 per month. The Fit EV has a mpg equivalency rating of 118 and an EPA electric driving range of 82 miles.