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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.

Porsche Panamera Diesel- it’s official

Porsche Panamera Diesel - a frugal Panamera offering The headline sounds as if there might have been doubts that we would get a Porsche Panamera Diesel before too long. But, despite the general perception that ‘Diesel Porsche’ should be an oxymoron, a Panamera diesel was always going to happen, as Porsche confirmed in November. It was always going to happen because – in the real world – it probably makes more sense than any of its petrol powered siblings for most potential buyers.

Jaguar Reveals Hot Cat With A Tin Roof

WITH interest still high regarding all thing F-Type, Jaguar is doing its upmost to keep the excitement at fever pitch with the release of an image of its hotly anticipated coupe variant. Expected to make its public debut at the forthcoming Los Angeles Motor Show, the tin-top version of Jaguar compact sports model promises to be as equally dramatic in the metal as its convertible cousin. Details are scarce ahead of its show launch, however it’s expected that the coupe will be available with the same three engines as the drop-top model.