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Saab owner and Chinese investors continue talks regarding takeover deal

Talks between Saab's owner Swedish Automobile and two Chinese investors on a takeover deal to rescue the ailing carmaker will continue even though a memorandum of understanding signed by the parties only runs until Tuesday, Saab said. "They (the parties) are still in discussions about the structure of the deal going forward and they are continuing their cooperation as if the memorandum of understanding continues," Gunilla Gustavs, a Saab spokeswoman, told Automotive News Europe. The Chinese companies, Pang Da Automobile Trade Co.

Barn Find E-Type Jaguar sells at Coys for £88,000

Jaguar E-Type chassis 860040 (pictured) sells for £88k Barn find cars are becoming rarer as the world’s classic car collectors have spent years scouring every nook and cranny for a hidden classic car. But they still turn up from time to time, and this E-Type Jaguar was discovered just last month by a Coys specialist in a barn in France, virtually untouched since 1974. One of the first right hand drive coupes to roll of Jaguar’s production line in 1961 – it was actually the 40th RHD E-Type – it was bought by the current seller’s estate in 1969, got a new coat of paint – a change from Grey to the current Aubergine – and driven to the family home in France in 1974, since when it’s sat under a dust sheet in a dry barn.

Skoda Yeti rolls out

The first Skoda Yeti has rolled of the production line in the Czech Republic - Delivery in the UK starts in September The Skoda Yeti is a promising, rufty-tufty ‘SmallRoader’, based on parent company VW’s Tiguan. But the Skoda holds the promise of more for less, a trick Skoda has managed to pull off with a number of VW products. Skoda has also been out playing with the Yeti in Norway, exposing it to a wide variety of off and on-road surfaces to shake it down properly before the first customer cars are ready for delivery.