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Saab reportedly bought by Chinese-led consortium

A Chinese-controlled consortium has completed a deal to buy the assets of bankrupt Swedish carmaker Saab, media reports said. National Electric Vehicle Sweden (NEVS) will pay 1.5 billion to 1.8 billion kronor ($210 million to $250 million) for Saab, excluding spare parts company Saab Automobile Parts AB, according to reports in Sweden. NEVS did not confirm the reports.

Who's Where: Camilo Pardo leaves Ford

Camilo Pardo has ended his 24 year long career at Ford to pursue his numerous other creative endeavors. CDN caught up with the accomplished artist, sculptor, clothing and furniture designer at his annual Designer's Night bash in Detroit, where he told us how he was now "free to do anything", but would not divulge details as the announcement was not yet official. A native New Yorker, Pardo graduated from the Center for Creative Studies in Detroit and was granted the Industrial Design Society of America Merit Award in 1985.

Japanese Grand Prix Qualifying: Webber takes pole for Red Bull

Japanese Grand Prix Qualifying: Webber takes pole for Red Bull It’s been a long time since Mark Webber took pole position in a Grand Prix, but luck was on the side of the seemingly perpetually unlucky Webber as a KERS problem took the edge of Vettel’s speed in Suzuka this morning. Webber ended up beating his team mate by 0.174 seconds to take his first pole of the 2013 F1 season and make this the first time he’s out qualified Vettel this year too. Behind the Red Bull pair, Lewis Hamilton took third place for Mercedes with Romain Grosjean giving Lotus a fourth place on the grid.