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Saab reportedly bought by Chinese-led consortium

A Chinese-controlled consortium has completed a deal to buy the assets of bankrupt Swedish carmaker Saab, media reports said. National Electric Vehicle Sweden (NEVS) will pay 1.5 billion to 1.8 billion kronor ($210 million to $250 million) for Saab, excluding spare parts company Saab Automobile Parts AB, according to reports in Sweden. NEVS did not confirm the reports.

Italdesign Giugiaro debuts electric Clipper MPV

The Volkswagen T-ROC wasn't the only Geneva Motor Show concept unveiled this week that uses the Golf platform, Italdesign Giugiaro unveiled an MPV concept that managed to turn quite a few heads. Italdesign is owned by Volkswagen, so this design and engineering exercise seemed like a no-brainer, allowing the company to show off an extra concept car in an entirely different wrapper. The Clipper an all-wheel drive six-seat MPV sitting on the MQB platform, which Volkswagen is keen to expand beyond the Golf and the next-generation Scirocco, and it features two electric motors producing 149-hp each, one for each axle.

BMW 7-series: Seven times four equals the new flagship sedan

BMW 7-series owners are among the world's most loyal. BMW sells 10,000 to 15,000 copies of its largest sedan during a good year in the United States. It makes you wonder why the company might muck with what has often been called the world's best-handling large sedan by adding an all-wheel-drive package no one has been clamoring for.