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Spyker, Youngman plan to build Saab-based cars

Dutch supercar maker Spyker says it will form two joint ventures with China's Zhejiang Youngman to produce Saab-based vehicles and a luxury SUV under the terms of a deal that will give Youngman a 29.9-percent share in Spyker. Youngman was one of the Chinese companies Spyker turned to for investment when it was trying to revive the Saab brand under its ownership. After failing to get approval for the sale from General Motors, a former Saab owner, the deal with Youngman collapsed and Saab was declared bankrupt in December 2011.

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.

Porsche Cayenne Hybrid (2007): first official pictures

By Ben Pulman First Official Pictures 26 July 2007 04:57 A Porsche hybrid? That's right, and CAR Online has just returned from a visit to Weissach - Porsche's R&D HQ near Stuttgart - where we were given the full lowdown on the Cayenne Hybrid. Porsche's hand has been forced by the current public and political climate surrounding CO2 and global warming - and the company has taken the unusual step of showing its prototypes even though they're a few years from production.