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Most of Saleen sold to Michigan group

The future of specialty carmaker Saleen Inc. is getting a little clearer: Most of the company was sold to a Michigan group last week after being on the block since November. An entity called MJ Acquisitions, which owns parts and engine companies in Michigan, bought Saleen’s performance street-car program, supercharger and aftermarket business from Los Angeles private-investment firm Hancock Park Associates.

Saab reportedly sold to China’s Pang Da & Youngman for €100 million

Saab Sold to China? Update: Just minutes after publishing this story we’ve heard from Saab confirming this report is correct and that the administrator - Guy Lofalk – has withdrawn his application for Saab’s court protection to be removed. The deal will be subject to Government approval.

Aston Martin to continue with V12 engine as well as new Mercedes AMG V8

Aston’s Flagship cars, like the Vanquish (pictured) will still offer the V12 engine Aston Martin has certainly been looking to the future with renewed optimism over the last year as a series of deals gave them a lifeline to remain competitive in an increasingly corporate car world. Extra funding came in thanks to the involvement of Investindustrial’s new stake in Aston Martin, and a deal has been done with Mercedes AMG to supply new V8 engines and electronic architecture. Not only that, but Aston Martin are developing a new platform for their future range of cars, with the biggest investment in Aston Martin’s history.