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Renault says Saturn supply deal ‘just didn't add up'
Fri, 02 Oct 2009In the eleventh hour of Roger Penske's venture to acquire Saturn from General Motors Co. to keep the brand alive, Renault's executive committee in France concluded, “Ca fait deux.” Rough translation: “It's not going to come together.” Despite Penske's statements that his organization had been in discussions with automakers around the world, ultimately his hopes had been pinned on only one: Renault SA. Penske and Renault CEO Carlos Ghosn are friends and talk frequently.
New Porsche Macan Revealed: Los Angeles Auto Show (video)
Wed, 20 Nov 2013The Porsche Macan (pictured) has been revealed in LA The Porsche Macan has been revealed at the Los Angeles Auto Show, although Porsche’s endless teases for the baby Cayenne mean we already know much of what’s on offer in the Cayenne. The styling is very much ‘Baby Cayenne’, and no one is going to think the Macan is anything other than a smaller Porsche SUV with its very familiar looks. The Macan is smaller than the Cayenne – 146mm shorter and 16mm narrower – but it is bigger than the Audi Q5 on which it’s based (70mm longer and 24mm wider – lower too by 30mm).
General Motors to shut down Saab
Fri, 18 Dec 2009General Motors has announced that it will be closing the Saab brand after the company was unable to strike a deal with Spyker Cars. This follows from last month's withdrawal of would-be suitor Koenigsegg, leaving Spyker the sole contender in the acquisition of the ailing Swedish brand. According to Nick Reilly, GM's European president, the company has decided to cut its losses: "Despite the best efforts of all involved, it has become very clear that the due diligence required to complete this complex transaction could not be executed in a reasonable time.