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Saab ends deal with Chinese investors

Saab 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.

Chevrolet Code 130R, Tru 140S at 2012 Detroit show

Chevrolet's press conference at the 2012 North American International Auto Show was all about youngsters: namely the millennials, or 11-30-year-olds who hold increasing consumer power. GM reckons there are 80 million of them in the US, and they account for $1 trillion of spending power. So it's worth taking them seriously.

Goodwood Revival 2009: the first details

By Freddie Fulton Motor Shows 10 August 2009 14:22 Mini turned 50 recently, and the celebration of its engineering achievements continues at the Goodwood Revival in September 2009.  Huge numbers of pre-1966 Minis are expected on track, bringing their owners and large numbers of enthusiasts with them.  Champions and role models such as five-time winner of Le Mans Derek Bell will be racing, as well as Jackie Oliver, Bobby Rahal, Anthony Reid and Brian Redman.  You can also hope to see ‘The Rally Professor,’ Rauno Aaltonen, who won the Gallaher 500 touring car races in a Mini Cooper S.  Other Mini legends will include Sir John Whitmore, Alec Poole, Warwick Banks, John Fitzpatrick, Richard Longman and Barrie ‘Whizzo’ Williams.  We at CAR are most looking forward to when a full 30-car grid, largely composed of 1275cc Mini Coopers, will compete in a race that is promised to be ‘the most closely fought race in the Revival’s history.’ That’ll be the St Mary’s Trophy saloon car race packed with cars that raced before 1966. Each day, a tribute parade of Minis will lap the circuit and show off some of their retro glory.  Expect some Mini curios: an ice cream van is expected, as well as a Wildgoose camping Mini and other modified models. Some of these ‘Mini cousins’ will include the ‘Riley Elf’ and ‘Wolseley Hornet’ variants, which are noted for their reshaped boots and narrower front grilles.