Saab deal no longer valid says Pangda Chairman. The end of Saab?

Saab deal with China not valid says Pangda Chairman Update 10 am 12/10/11: Saab & Pangda have issued a statement about this story and say that the reports of the Saab deal with Pangda and Youngman as being no longer valid are “…based on a misunderstanding”. Whatever that means. Yesterday there was yet more speculation that Saab will be declared bankrupt as real doubt about the deal with Chinese companies Pangda and Youngman started to surface.

Agnelli family member to become Fiat chairman

Fiat S.p.A. said that Agnelli family heir John Elkann will become chairman and that Italy's biggest carmaker will separate its car-making business from trucks and tractors. Elkann, 34, is the grandson of former chairman Giovanni Agnelli and is vice chairman and head of the family's holding company.

Future products: Coupe in Subaru's pipeline will be an image booster

Subaru plans to extend its lineup in late 2011 or early 2012 by adding a sporty coupe developed with Toyota. Also, an Impreza hybrid that uses technology from Toyota is expected in 2012. Toyota now owns about 17 percent of Subaru.