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Saab China – Deal Dead
Mon, 24 Oct 2011Saab 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.
Honda gives CR-Z hybrid hot-hatch the green light
Mon, 13 Jul 2009By Ben Whitworth First Official Pictures 13 July 2009 12:18 Honda has confirmed that its nifty CR-Z hybrid hatch will get the production go-ahead for a UK debut early next summer. The announcement was made by new Honda boss Takanobu Ito – the engineer behind the NSX – and the CR-Z will join Honda’s line-up of Integrated Motor Assist-powered cars alongside the Insight and Civic hybrid. Yes, but with a timely green twist.
Future products: Bugatti replacement has more luxury, fewer horses
Tue, 21 Sep 2010Bugatti, Volkswagen Group's exotic sports-car brand, is ending production of its Veyron and will replace it with the tamer but more luxurious Galibier. 16C Galibier: The four-seat sedan is expected to go on sale in 2013 for about $1.5 million. Only 300 will be produced.