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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.

Ferrari 612 Shooting Brake NOT the new 612

Ferrari 612 Shooting Brake Spy shot Last week we ran a story about the replacement for Ferrari’s four-seat supercar, the Ferrari 612 Scaglietti. The basic premise was that Ferrari would be bringing the replacement for the 612 Scaglietti to the Geneva Motor Show in March, and that it would feature a new, 650bhp V12 engine, and 4×4 platform and be a Shooting Brake. All of which was a cobbling together from bits of information we’ve received when we started to dig around for information after Ferrari chairman Luca di Montezemolo recently said there will be a “very different Ferrari” at Geneva.

Irwindale, Kern County tracks coming back

Two paved circle tracks in Southern California should be up and racing by spring, good lord willing and the creek don't rise. The two facilities plan to cooperate in order to maximize the chances of success. Irwindale Speedway, now officially to be referred to as The Irwindale Event Center, had no races on its oval tracks in 2012 after the former track operators filed for Chapter 7 bankruptcy in February.