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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.

German car collector re-imagines Lancia Stratos

If German car collector and Lancia Stratos fan Michael Stoschek gets his way, there will be a new interpretation of the legendary Stratos rally car sooner rather than later. Speculation and spy photos have been circulating for a couple weeks, and now we have official photos. Italian design house Pininfarina did the prototype, which Stoschek originally had done for his personal use.

Lexus RC-F Coupe teased again

Lexus RC-F Coupe teased again We had a tease from Lexus for a new F performance model to debut at the Detroit auto show next month, but Lexus declined to say what exactly it will be. Of course, it’s the new Lexus RC-F Coupe and even though Lexus don’t say as much, they do go as far as to say that the new F model will have ‘Half the doors, twice the roar’. So, we know what to expect.