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Shenzhen,Guangdong, CN
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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.
L.A. auto show: Honda to uncork ‘P-NUT’ design study
Wed, 18 Nov 2009Honda will tear the cover off a futuristic, ultra-compact urban coupe on Dec. 2 at the Los Angeles auto show. It’s called the Personal-Neo Urban Transport, or P-NUT, and Honda is billing this as an aggressive design study.
MINI Speedster back on the cards
Tue, 07 Apr 2009Mini Speedster from 2001 - looks set to form the basis of a new MINI Speedster Based on the MINI platform, the Speedster version was talked about as long ago as 2001, but never made it to production on the first MINI platform. But perhaps having now covered just about every variant they can think of, BMW has decided that now is the time to revive the car and get it in to production. Small Roadsters, in the vein of the old British open-topped 2 seater ( and its modern ‘Homage’ version – the MX-5) will, I’m sure, see something of a renaissance in the next few years as people start to turn away from big, profligate cars, but still seek some fun motoring.