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Saab China – Deal Dead

Saab has terminated the deal with Youngman and Pang Da Did we expect anything different? Saab has announced that the deal for Chinese companies Youngman and Pang Da to take a €245 million stake in Saab has been terminated. Saab say that they have terminated the agreement because Pang Da and Youngman have failed to confirm their commitment to the Subscription Agreement on the agreed terms, and the money the Chinese (according to Saab) were to pay by this weekend has not been received.

Audi A6 allroad 3.0 TDI is the five millionth Audi with quattro 4WD

The first Audi qauttro hit the headlines in 1980 and now – 33 years later – Audi has produced its five millionth car with AWD – an A6 Allroad. It’s thirty years since Audi became the first mainstream car maker to offer a four wheel drive road car when the Audi quattro hit the road, offering a (certainly for then) fulsome 200PS with the added reassurance of four wheel drive for added grip. True, others had flirted with 4WD road cars before Audi made it mainstream, such as Jensen with the FF in the 1960s, but Audi’s bold move was a real first for a mainstream maker, even if the Audi quattro was not exactly an entry-level model.

Harley-Davidson to shutter Buell motorcycle brand, will sell Italian division

Harley-Davidson is axing two notable brands as it refocuses on its core business. The iconic American motorcycle producer said on Thursday that it will kill the 26-year-old Buell brand and will sell recently acquired Italian motorcycle company MV Agusta. The announcement came as Harley revealed its third-quarter financial results, which saw its earnings and sales slip as it deals with the global economic conditions.