Jaguar 99 Xj8 Auto Transmission Control Module Computer 1999 on 2040-parts.com

Saab says asset sale to BAIC gives it cash for a fresh start

Saab believes that a deal to sell some key assets to Beijing Automotive Industry Holdings Co. will help secure the money-losing automaker's future. "The money will finance the new Saab and contribute to a good start under new ownership," Saab spokeswoman Gunilla Gustavs said without revealing financial details of the deal.

Mitsubishi revamps U.S. strategy

Mitsubishi plans a different U.S. model lineup and a new production strategy for its assembly plant in Normal, Ill., as it shifts emphasis away from regionally focused vehicles to global small cars, hybrids and electrics. Shinichi Kurihara, CEO of Mitsubishi Motors North America, says the company will launch four new models in the United States within three years, as four slow-selling U.S.-built vehicles are phased out of production by 2014.

New car registrations at five-year high September 2013

New car registrations at five-year high September 2013 Despite the UK economy being in the doldrums for much of the past five years, new car registrations have recovered well ahead of the curve and still seem to be unstoppable. September saw new car registrations hit 403,136 – the highest figure for five and a half years – and the first time since 2008 new car registrations have broken the 400k barrier. We’ve covered the reasons before – pre-reg cars, dealer discounts and even PPI payouts – but car registrations are certainly continuing to give buoyancy to a recovery that’s still fragile.