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Bentley appoints new CEO, poached from Porsche

Bentley has announced the appointment of Wolfgang Dürheimer as its new chairman and chief executive officer. He will also head up Bugatti, as did predecessor, Franz-Josef Paefgen. Dürheimer, who joins Bentley from Porsche where he headed the research and development team, will start his new role at Crewe on 1 February 2011.

BMW & Toyota to collaborate on next-generation lithium-ion battery cells

Toyota & BMW to work together on next-gen lithium-ion batteries BMW and Toyota are to work together to develop next-generation lithium-ion battery technology to try and make battery power more effective. Late last year we learnt that BMW and Toyota are to work more closely to share technology and expertise as the car industry enters a period of consolidation and partnership to try and keep R&D costs under control, and make their products more cost-effective. The result of the BMW Toyota tie-up sees BMW getting access to some of Toyota’s Hybrid nous and Toyota getting access to BMW’s excellent diesel engines.

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.