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Saab owner and Chinese investors continue talks regarding takeover deal

Talks 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.

Kia Pro_Cee’d GT Turbo first photo leaks out

We have the first of the 2013 Kia Pro_Cee’d GT – Kia’s Pro_Cee’d with the Veloster Turbo engine – ahead of its debut at the 2013 Geneva Motor Show. We reported back in October that Kia were definitely going to stick the 1.6 litre petrol turbo from the Hyundai Velsoter in to the 3-door Pro_Cee’d to create a quite warm hatch to start chasing the hot hatch market, and Kia themselves teased the Pro_Cee’d GT in November. And now, ahead of the reveal of the Pro_Cee’d GT in March at Geneva, we get the first photo of the Pr0_Cee’d GT complete with the added butchness we expected to differentiate the GT from its more prosaic siblings.

257mpg Volkswagen Twin Up! concept stars at the Tokyo Motor Show 2013

Volkswagen has rolled out yet another Up! city car-based concept for the Tokyo Motor Show 2013. Don’t worry though – the Twin Up!