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Saab owner and Chinese investors continue talks regarding takeover deal
Tue, 15 Nov 2011Talks 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.
Morgan at the London motor show 2008
Wed, 23 Jul 2008By James Foxall and and CAR reader reporter asp Motor Shows 23 July 2008 16:02 Considering Morgan has been making largely the same cars since the Ark was launched it’s a bit much to expect the tiny Malvern firm to have much new to shout about. The firm has actually managed to come up with a new Sport derivative of its evergreen 4/4. The £26,221 model has been stripped out so it now weighs just 800kg.
Jaguar confirms small saloon – and gets the thumbs up from Number 10
Tue, 10 Sep 2013Jaguar will launch a small saloon beneath the XF in 2015, the company confirmed on the eve of the Frankfurt motor show. The baby Jag (seen testing as a disguised evaluation mule in our spy shots gallery) will be constructed from aluminium and built in the West Midlands, creating around 1700 jobs. The news prompted a call to Jaguar from the office of Prime Minister David Cameron, offering Number 10's congratulations and support with the company's product expansion.