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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.
Ram beefs up heavy-duty trucks for more towing
Thu, 27 Sep 2012The Chrysler Group is upgrading its heavy-duty Ram pickups for the 2013 model to deliver what it says will be class-leading towing capacity. Diesel-powered versions also adopt selective catalytic reduction exhaust treatment to cut emissions and extend maintenance intervals. The automaker has also created a dedicated commercial vehicle team within the Ram brand to boost its business with fleet and work truck buyers.
Lexus reveals 2013 GS sedan, launches new styling direction
Thu, 18 Aug 2011Lexus on Thursday pulled the wraps off the redesigned 2013 GS sedan, revealing a sharper look that was previewed last spring with the LF-Gh concept car. The 2013 Lexus GS rides on a new rear-drive platform, although the car's wheelbase and exterior dimensions are nearly identical to the current car. Under the hood is a 3.5-liter V6 rated at 306 hp and 277 lb-ft of torque--marginally better than the output of the current Lexus GS 350.