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Saab China – Deal Dead
Mon, 24 Oct 2011Saab has terminated the deal with Youngman and Pang Da Did we expect anything different? Saab has announced that the deal for Chinese companies Youngman and Pang Da to take a €245 million stake in Saab has been terminated. Saab say that they have terminated the agreement because Pang Da and Youngman have failed to confirm their commitment to the Subscription Agreement on the agreed terms, and the money the Chinese (according to Saab) were to pay by this weekend has not been received.
Bristol Cars is sold to Frazer-Nash
Wed, 20 Apr 2011Bristol Cars has been sold. Kamkorp Autokraft, part of the Frazer-Nash group, has announced it has successfuly acquired the assets of Bristol Cars from the administrators. Bristol entered administration last month, and CAR reported on a potential sale last week.
First 2014 Cadillac ELR rolls off the line
Wed, 29 May 2013IndyCar driver Simona De Silvestro christened the first 2014 Cadillac ELR to roll off the line at the Detroit-Hamtramck plant in Michigan on Wednesday. The Volt-based electric-gas hybrid will go on sale next year. We assume De Silvestro is in town for the Chevrolet Indy Duel in Detroit, two races at Belle Isle scheduled for this weekend.