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Saab turns down takeover offer from Chinese investors

Swedish Automobile, owner of Saab, has turned down a takeover offer from China's Zhejiang Youngman Lotus Automobile Co. and Pang Da Automobile Trade Co. Youngman and Pa Dang signed a nonbinding memorandum in July to take a combined 53.9 percent stake in Swedish Automobile for about $338 million.

2015 Michelin Challenge Design Automotive Press Association design panel

The Automotive Press Association (APA) Design Panel is the first of several milestones in the annual Michelin Challenge Design (MCD) calendar of events. In keeping with the 2015 MCD Theme of Drive Your Passion: Engaging Senses, Soul and Emotion, this year's panel discussion focused the importance of passion in vehicle design in the high-tech, highly-constrained future. Hosted on 7 May 2014 at the Detroit Athletic Club, over 80 people attended the APA members-only event sponsored by Michelin Challenge Design.

Saab 9-2 to use MINI platform – if Saab survives

The original Saab 9-2. The new Saab 9-2 will use the current MINI platform Things are still torrid for Saab, with big lumps of downtime at Trollhattan as they struggle to get suppliers to deliver parts when those same suppliers are already owed big chunks of money. The trouble is, not producing cars for much longer is going to leave Saab in between the same rock and a hard place as when GM were procrastinating about who to offload Saab to.