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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.

Volkswagen Golf R stars at the 2013 Frankfurt Motor Show

Many landmarks have been established here at the 2013 Frankfurt Motor Show – and Volkswagen is one manufacturer that’s stealing headlines with its new Golf R. This is the most powerful production Golf ever, packing 300hp and four-wheel drive. Amazingly, it’s also more efficient than its predecessor.

Carrera GT: Even Jay Leno can't make it funny

When I heard that one of those celebrity-based half-hour TV shows dug up the video of comedian Jay Leno spinning a Porsche Carrera GT at Talladega Superspeedway at 182 mph, I knew it would awaken some memories that resulted in emails like, “Say, weren't you there? Pretty ironic given the Paul Walker deal, huh?” Yes, huh. Man, what a strange day that was.