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Chinese bank may join Saab rescue deal
Mon, 05 Dec 2011Saab's owner, Swedish Automobile, said on Monday it is discussions with a bank in China and Chinese automaker Zhejiang Youngman Lotus Automobile over a rescue deal for Saab. Reports had said on Sunday that the Bank of China would replace China's Pang Da as an investor in Saab, which is under bankruptcy protection. Swedish Automobile confirmed Monday that it is talking with Youngman and a bank in China about an equity interest, but did not name the bank.
Ford to triple production of EcoBoost engines by 2015
Fri, 11 May 2012Ford EcoBoost Engine production to increase In another clear sign of engine downsizing by car makers Ford has announced it will triple production of its EcoBoost engines in Europe by 2015. The petrol engine is fighting back against hybrids and diesels with downsizing and forced induction creating petrol engines that work more pleasingly than diesels – and with lower particulate emissions – whilst delivering proper performance and levels of economy that would have been unthinkable just a few years ago. Ford is in the vanguard of this mainstream push to make petrol engines relevant even in a car world dictated by government CO2 targets (which aren’t really CO2 targets , they’re official economy targets) and they’re planning to triple production of their very good range of EcoBoost engines in Europe over the next three years.
New Lexus IS UK debut
Fri, 15 Mar 2013The 2013 Lexus IS – revealed at the Detroit Motor Show – gets its UK public debut at the Ideal Home Show at Earls Court. The Ideal Home Show may not seem the obvious place for Lexus to show the new IS, but Lexus are the headline motor sponsors for the event and you can’t argue with the footfall; footfall that is probably predominantly bang on the Lexus target demographic. And the target demographic for Lexus may be a bit surprised that the new IS is a chunk more dynamic looking than its predecessor, with statement looks – taking cues from the LF-CC Concept – that make the new IS a far more appealing prospect.