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Rowland Heights, California, US
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Saab ends deal with Chinese investors
Mon, 24 Oct 2011Saab owner Swedish Automobile scrapped a $340 million investment deal with Chinese automotive companies Zhejiang Youngman Lotus and Pang Da after they proposed a buyout, straying from the original deal. Youngman and Pang Da signed a nonbinding agreement in July to take a combined 53.9 percent stake in Swedish Automobile. The Chinese companies say circumstances have changed since that time, so the deal should too.
Car Design News announces Design Contest
Wed, 12 Dec 2007Unique lifestyle scenario design brief describing the lives of three "Milleniumites" (people born in the year 2000) as they might be in 2028. That really gives car designers something to get their teeth into! Top level car designer judges - including Martin Smith, Executive Vice President of Design at Ford Europe, Asia Pacific and Africa, and Shiro Nakamura, Senior Vice President and Head of Design at Nissan.
Subaru BRZ-STI concept
Wed, 02 Nov 2011Subaru is poised to unveil the BRZ-STI concept at the at the LA auto show later this month. A concept version of the all-new rear-wheel drive compact sports car jointly developed with Toyota, the lightweight BRZ shares most of its mechanical components with the Toyota FT-86 concept, which made its first public appearance at the 2009 Tokyo motor show. A world away from Subaru's ‘Sports Car Architecture' concept that has made the rounds at the past few motor shows, the BRZ's design is remarkably similar to that of the FT-86.