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Saab China: Deal to sell Saab to Youngman & Pang Da is already in trouble

Will GM stop the sale of Saab to China? Selling Saab to China was always going to be fraught with difficulties. The initial deal Victor Muller seemed to have brokered with Youngman and Pang Da was to sell a majority stake in Saab for €245 million but leave Victor Muller in charge.

Pocketsquare to premiere Panasonic's driver-focussed HMI interior concept at NAIAS

Erstwhile GM interior design chief David Lyon, alongside former GM engineer Nina Mital and ex-Ford designer Gary Braddock – the three members of new Michigan-based design consultancy Pocketsquare – will have the first fruits of their new venture displayed at the NAIAS in Detroit in the form of Panasonic's advanced interior design concept. The interior makes use of Panasonic's new range of head-up displays and smart clusters to reduce driver distraction in advance of the latest proposed NHTSA legislation. The system is said to exceed these measures by as much as 35 per cent.

Fisker goes to China's Wanxiang

China's Wanxiang Group won an auction for Fisker Automotive Holdings Inc., the maker of luxury plug-in hybrid cars, with a $149.2 million bid, almost six times what Fisker was seeking when it filed for bankruptcy. Wanxiang topped Hybrid Tech Holdings during the auction, which began on Wednesday and went through 19 rounds of bidding, with an offer that includes $126.2 million in cash and $8 million in assumed liabilities, Fisker said Friday in a statement. U.S.