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Saab signs deal with second China partner
Mon, 13 Jun 2011Saab has agreed to China's Zhejiang Youngman Lotus Automobile Co. taking an equity stake in the company as part of a distribution and manufacturing joint venture. Saab and its owner Spyker Cars NV signed a deal with Chinese car distributor Pang Da in May worth up to 110 million euros that involved setting up a joint venture with Spyker and a partner in China to start making Saabs in China within two years.
Saleen Performance to end S302 Ford Mustang production, prepares to expand
Wed, 09 Mar 2011If ordering a Saleen S302 Ford Mustang is on your wish list, the time to do it is now. Revstone Industries, owner of Saleen Performance Vehicles, said on Wednesday that it will stop taking orders for the car in May and will finish building Saleen Mustangs in suburban Detroit by the fall. But the Lexington, Ky.-based company is not getting out of the performance parts and merchandise businesses and isn't abandoning the vehicle-upfitting field, spokesman Pete Borum said.
Sebastian Vettel’s 2013 F1 title: the stats
Mon, 28 Oct 2013By Ollie Kew Motor Industry 28 October 2013 11:30 In winning the 2013 Indian Grand Prix this week – his six straight victory of this season – Sebastian Vettel became the youngest driver ever to win four consecutive F1 world titles. Only two drivers have ever managed four titles on the trot before him: Juan Manuel Fangio (1953-58) and Michael Schumacher (with five in a row between 2000-2005). Frenchman Alain Prost is the only other driver to have taken four F1 world titles – but no-one’s managed the feat as fast as Seb.