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Saab signs deal with second China partner
Mon, 13 Jun 2011Saab has agreed to China's Zhejiang Youngman Lotus Automobile Co. taking an equity stake in the company as part of a distribution and manufacturing joint venture. Saab and its owner Spyker Cars NV signed a deal with Chinese car distributor Pang Da in May worth up to 110 million euros that involved setting up a joint venture with Spyker and a partner in China to start making Saabs in China within two years.
Ford lines up Mark Fields to succeed Alan Mulally
Thu, 01 Nov 2012Ford Motor Co. has named Mark Fields its chief operating officer, putting him in line to succeed CEO Alan Mulally when he retires no sooner than the end of 2014. The appointment of Fields, 51, who has been president of Ford's Americas unit, was part of a sweeping overhaul of executive ranks unveiled Thursday.
Land Rover Defender Special Edition set for U.K.
Mon, 09 Jul 2012The 2012 Land Rover Defender Special Edition will join the growing list of cool cars that aren't coming stateside. At least we aren't getting our hopes up—not only did they snub the Detroit auto show, but Land Rover hasn't brought a Defender SUV here since 1997. The latest iteration of the go-everywhere off-roader will wear one of two colors, Orkney grey or nara bronze.