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Saab calls off deal with Chinese automaker
Thu, 12 May 2011Saab parent Spyker Cars NV said Thursday that a strategic partnership deal with China's Hawtai Motor Group that would provide cash to help Saab turn around its business has been terminated. As a result, Saab may enter into a new strategic partnership with Hawtai or another Chinese party on manufacturing, technology and distribution in China, Spyker said in a release. "Since it became clear that Hawtai was not able to obtain all the necessary consents, the parties were forced to terminate the agreement with Saab Automobile and Spyker with immediate effect.
Chevy, Buick-GMC bosses out at GM
Thu, 10 Dec 2009The brand heads of Buick-GMC and Chevrolet are leaving General Motors Co., continuing a management upheaval sparked by the Dec. 1 ouster of CEO Fritz Henderson. Buick-GMC head Michael Richards, who left Ford Motor Co.
Detroit auto show 2011: the CAR Live Blog from NAIAS
Fri, 14 Jan 2011CAR's review of the 2011 Detroit auto show - By Ben Oliver 3.30pm: Ian Robertson drives onto the stage in a Team USA-liveried Mini CountrymanCountryman sales are 30% above projected orders with 12,000 sold since launch, and the maxi Mini is now on sale in the US too. Marketing chief Robertson says 2010 was the best sales year ever with 234,000 Minis sold worldwide and sales were 8.1% up in the biggest market, the US. Launched 10 years ago at Detroit, Mini now has over 300,000 American owners, or 'fans' as Robertson's Facebook-savvy scriptwriter says.3.11pm: Big waves at HyundaiBP Hyundai's American boss John Krafcik introduces the new Curb concept, a cool Juke-sized crossover, and then the lovely little Hyundai Veloster (below).