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Nissan to revive Datsun name in emerging markets, eyes increased sales
Tue, 20 Mar 2012Nissan is reviving the Datsun name to increase sales in India, Russia and Indonesia, the company said during a visit to Jakarta. Nissan will invest $400 million in Indonesia over the next two years, doubling hiring and tripling the number of dealerships in the region to 90,000. The Datsun name will begin appearing on cars in 2014.
Koenigsegg signs deal to buy all of Saab
Tue, 18 Aug 2009By Tim Pollard Motor Industry 18 August 2009 10:17 Supercar maker and industrial group Koenigsegg today announced it had signed the deal to buy every one of GM's shares in Saab. The news clears the way for Saab's rebirth as an independent car maker freed from the shackles of General Motors and follows an earlier memorandum of understanding. Koenigsegg has signed the stock purchase agreement to buy 100% of Saab – but there are still numerous hurdles before the deal completes 'in the next few months.' Exactly.
GM to modify Chevrolet Volts to guard against battery fire
Thu, 05 Jan 2012General Motors will add a structural reinforcement and devices to prevent overfilling of the battery cooling system in the Chevrolet Volt hybrid sedan to prevent the possibility of a fire after a side crash. The changes come seven months after a Volt caught fire three weeks after being crash-tested by the National Highway Traffic Safety Administration. The government agency in November opened a defect investigation into the Volt because of the battery fire.