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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.

Mazda's rotary spins to its 40th

By Tim Pollard Motor Industry 31 May 2007 02:03 Mazda yesterday celebrated 40 years of making rotary engines. It remains the only mainstream manufacturer persisting with this type of motor and has built 1.97 million of them since 1967. Rotary engines came to prominence in the 1950s as manufacturers experimented with turbine engines, but most admitted defeat in the face of technical difficulties and the inherent thirst of rotary units.

Chevrolet touts Corvette 427 convertible with race driver Tommy Milner

The 2013 Chevrolet Corvette 427 convertible doesn't need any hype--the 505-hp V8, a 0-to-60-mph time of 3.8 seconds and a top speed in excess of 190 mph make a strong statement. Nonetheless, Chevrolet has enlisted the help of Corvette Racing driver Tommy Milner in a trio of 90-second videos to tout the 427 convertible. In our favorite, Milner talks about the car's aerodynamics, including the optional carbon-fiber splitter, that help keep the car glued to the ground for better control.