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Saab turns down takeover offer from Chinese investors

Swedish Automobile, owner of Saab, has turned down a takeover offer from China's Zhejiang Youngman Lotus Automobile Co. and Pang Da Automobile Trade Co. Youngman and Pa Dang signed a nonbinding memorandum in July to take a combined 53.9 percent stake in Swedish Automobile for about $338 million.

2015 Michelin Challenge Design Automotive Press Association design panel

The Automotive Press Association (APA) Design Panel is the first of several milestones in the annual Michelin Challenge Design (MCD) calendar of events. In keeping with the 2015 MCD Theme of Drive Your Passion: Engaging Senses, Soul and Emotion, this year's panel discussion focused the importance of passion in vehicle design in the high-tech, highly-constrained future. Hosted on 7 May 2014 at the Detroit Athletic Club, over 80 people attended the APA members-only event sponsored by Michelin Challenge Design.

Nissan creates Spec Z series with National Auto Sport Association

Nissan is partnering with the National Auto Sport Association to create a new spec road-racing series for the 2003-08 Nissan 350Z. The company says the series will focus on close competition, parity and cost containment. NASA Spec Z will offer a contingency prize program, while Nissan Motorsports will provide technical support.