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Saab calls off deal with Chinese automaker
Thu, 12 May 2011Saab parent Spyker Cars NV said Thursday that a strategic partnership deal with China's Hawtai Motor Group that would provide cash to help Saab turn around its business has been terminated. As a result, Saab may enter into a new strategic partnership with Hawtai or another Chinese party on manufacturing, technology and distribution in China, Spyker said in a release. "Since it became clear that Hawtai was not able to obtain all the necessary consents, the parties were forced to terminate the agreement with Saab Automobile and Spyker with immediate effect.
MINI John Cooper Works Concept 2014 revealed
Tue, 17 Dec 2013MINI has just launched its third-generation Hatch model, and you know what that means. No, not just people moaning about how it isn’t really ‘mini’ anymore – we’re talking about the imminent arrival of a brand new high performance MINI John Cooper Works. And here it is – or at least, here’s the new 2014 MINI John Cooper Works Concept.
Mercury dies off, Lincoln to benefit
Thu, 03 Jun 2010Ford's brand portfolio is set to get smaller by the end of the year. Following the sale of Aston Martin, Land Rover, Jaguar and most recently Volvo (to Chinese automaker Geely), the Blue Oval has now announced the demise of its 'middle of the range' Mercury brand, with production of the last vehicles set to cease at the end of 2010. In a statement released to media, Ford announced that the shuttering of the 71-year old Mercury brand was in the interest of focusing on Lincoln, the automaker's only remaining premium brand.