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Saab owner and Chinese investors continue talks regarding takeover deal

Talks between Saab's owner Swedish Automobile and two Chinese investors on a takeover deal to rescue the ailing carmaker will continue even though a memorandum of understanding signed by the parties only runs until Tuesday, Saab said. "They (the parties) are still in discussions about the structure of the deal going forward and they are continuing their cooperation as if the memorandum of understanding continues," Gunilla Gustavs, a Saab spokeswoman, told Automotive News Europe. The Chinese companies, Pang Da Automobile Trade Co.

Forget Christmas presents – buy a car instead

Chevrolet According to a recent survey by Scotland Debt Solutions, we will spend between £472 and £611 on Christmas presents this year. Excuse us, but how much?! Back in the day, we'd have been happy with a small clementine, a pack of playing cards and a modest toy.

Film Friday: 'Head On' pits a 1938 Chevy against a mighty locomotive

The train is, in many ways, the enemy of the automobile. We're not even getting philosophical about personal transportation versus mass transit or diving into disputes over whether to fund interstates or railways: Trains are simply bigger and heavier than even the bulkiest of cars, and they're quite happy to turn any vehicle that happens to be parked on their tracks into scrap-metal pancakes without slowing down. It's physics, people.