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Saab China – Deal Dead

Saab has terminated the deal with Youngman and Pang Da Did we expect anything different? Saab has announced that the deal for Chinese companies Youngman and Pang Da to take a €245 million stake in Saab has been terminated. Saab say that they have terminated the agreement because Pang Da and Youngman have failed to confirm their commitment to the Subscription Agreement on the agreed terms, and the money the Chinese (according to Saab) were to pay by this weekend has not been received.

Penske's plan for Saturn: Sell Samsung vehicles

Entrepreneur Roger Penske wants to use the Saturn dealership network to sell vehicles built by Renault Samsung Motors and imported from South Korea. According to Automotive News, Penske recently met with Renault and Nissan CEO Carlos Ghosn in Paris to talk about the plan. Renault owns 80.1 percent of Renault Samsung.

Daihatsu FC ShoCase

The FC ShoCase is the most unorthodox of the three concepts being previewed by Daihatsu prior to their unveil at the forthcoming Tokyo motoshow. The 'FC' in the name stands for fuel cell, and this concept is in essence a technology demonstrator for the company's next generation technology, which use no precious metals in their construction. Sitting – like its concept siblings – under the Kei car classification (it is just 3395mm long), the FC ShoCase nonetheless has space for four occupants, seated in exceptionally thin seats that fold down to create a secondary floor.