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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.

Who's Where?: Maximilian Missoni becomes vice president exterior design at Volvo

Maximilian Missoni has been promoted to the position of vice president of exterior design at Volvo Cars. He replaces Fedde Talsma, who has elected to leave the company. Talsma's decision brings to an end a career at Volvo that began in 1982, with the past nine years spent as the firm's exterior design director.  Although Volvo states that Talsma has retired after serving 31-years at the Swedish firm, his LinkedIn profile states that he is now an independent automotive design adviser in his native Netherlands.

Kia KV7 concept car (2011) at the Detroit auto show

Kia whisked the covers off the KV7 concept car at the 2011 Detroit auto show this afternoon. These are the first official pictures of the KV7, a spectacular gullwing people carrier that's as bamboozling to look at as an adventurous Korean lunch to a westerner. The Kia KV7 is an SUV-MPV crossover, designed at Kia's Californian styling studio.