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Saab says asset sale to BAIC gives it cash for a fresh start
Mon, 14 Dec 2009Saab 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.
2013 Chevrolet Camaro SS gets 1LE track option
Tue, 27 Mar 2012Chevrolet is resurrecting the 1LE order code for the 2013 Camaro SS. It will turn the pony car into a dedicated track toy with an upgraded suspension, ZL1-based wheels and tires and a high-capacity fuel pump for handling 1g corner loads. The original 1LE was introduced in 1988, inspired by Pro-Am racing.
Volkswagen Passat drops United States model when new sedan debuts
Mon, 19 Oct 2009Volkswagen probably will drop the Passat sedan and wagon in 2011 when VW's new U.S.-built mid-sized four-door is expected to go on sale. "We are looking at it in detail," Stefan Jacoby, VW Group of America CEO, said this month at a press event here. The U.S.-built sedan, which has yet to be named, will be larger than the Passat but priced lower.