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China's Pang Da, Youngman agree to buy Saab

Chinese firms Pang Da Automobile Trade Co. and Zhejiang Youngman Lotus Automobile Co. have agreed to buy Saab for $142 million (100 million euros).

College Exhibition: Strate College Degree Show 2007

Strate College hosted its annual Degree Show on June 21st, displaying the assorted works from students graduating from the Industrial Design programs.The celebrations began on the eve of the graduation ceremony at a chic venue in the heart of Paris's Champs Elysees, where montages of the students work played in a slideshow projected behind the bar. At the school the next day, all fifteen students from the Transportation Design program presented their work in an exhibit that spanned two rooms. Frederic Corazza created 'Searth', a vehicle to connect the sprawling artificial islands currently being built around the city of Dubai.

Toyota resumes sales of Lexus GX 460

Toyota has resumed sales of the 2010 Lexus GX 460 SUV, two weeks after it announced a recall of the 9,400 models already sold. The Japanese automaker stopped sales of the vehicle after Consumer Reports magazine declared the SUV a safety risk, warning readers that it was prone to oversteer in turns. Lexus tested the car in response to the warning and made changes to the vehicle's electronic stability-control software.