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Saab reportedly bought by Chinese-led consortium

A Chinese-controlled consortium has completed a deal to buy the assets of bankrupt Swedish carmaker Saab, media reports said. National Electric Vehicle Sweden (NEVS) will pay 1.5 billion to 1.8 billion kronor ($210 million to $250 million) for Saab, excluding spare parts company Saab Automobile Parts AB, according to reports in Sweden. NEVS did not confirm the reports.

Last C6 Corvette rolls off the line

All the Chevrolet Corvette talk these days is focused on the 2014 Stingray, the seventh-generation car that arrives this fall. But the C6 era only ended Feb. 28 as the last car rolled off the assembly line in Bowling Green, Ky.

Hyundai halts 2011 Sonata sales because of door glitch

Hyundai Motor America today ordered a halt to sales of the 2011 Sonata after notifying dealers that front door-lock modules on some cars can stick under some circumstances. With intense scrutiny bearing down on rival Toyota Motor Corp., Hyundai hopes to quickly and quietly resolve the product glitch on the recently released 2011 Sonata sedan. The Sonata is Hyundai's biggest-volume vehicle, with 2009 sales of 120,028 cars.