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Saab ends deal with Chinese investors
Mon, 24 Oct 2011Saab owner Swedish Automobile scrapped a $340 million investment deal with Chinese automotive companies Zhejiang Youngman Lotus and Pang Da after they proposed a buyout, straying from the original deal. Youngman and Pang Da signed a nonbinding agreement in July to take a combined 53.9 percent stake in Swedish Automobile. The Chinese companies say circumstances have changed since that time, so the deal should too.
Bahrain Grand Prix: Rosberg takes pole for Mercedes
Sat, 20 Apr 2013So much for the 2013 Mercedes being uncompetitive. Nico Rosberg put in a strong performance in Bahrain in qualifying for tomorrow’s F1 race, beating Sebastian Vettel in to second place and Fernando Alonso in to third. But whether this was a qualifying ‘special’ from Mercedes we won’t really know until tomorrow.
SsangYong XIV-2 concept
Mon, 13 Feb 2012The SsangYong XIV-2 concept – the second of its ‘eXciting user Interface Vehicles' [sic] – will make its debut at next month's Geneva Motor Show. The two-door, open-top crossover is an evolution of the I.DE.A designed XIV-1, shown at the Frankfurt Motor Show last year. Visually, the XIV-2 is a departure from both the previous Ssangyong KEV2 and XIV-1 concepts, with an all-new DRG featuring a simpler, more upright fascia and cleaner pulled-back headlamps – suggestive of a more production-ready front fascia.