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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.

Fiat 500X compact crossover debuts: Paris 2014

Fiat 500X compact crossover debuts The Fiat 500X is the latest member of the Fiat 500 family to arrive, and following a recent tease it’s debuted at the 2014 Paris Motor Show. Fiat has decided to go the same route with the 500X as they did with the 500 L by creating two models – a 500X for the city and a 500X for the country. The 500X gets the same family design as the rest of the 500 range and sits on the same platform as the new Fiat Punto and comes in at 4.25 metres long (the butch version is just a couple of centimetres wider) and 1.80m wide.

VW Up! Lite Concept revealed in LA

The Volkswagen Up! Lite has been revealed at the LA Motor Show Volkswagen had promised a surprise at the LA Motor Show, and this is it, the VW Up! Lite Concept, another car in the quest by VW to produce the most efficient cars on the market.