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Chinese bank may join Saab rescue deal
Mon, 05 Dec 2011Saab's owner, Swedish Automobile, said on Monday it is discussions with a bank in China and Chinese automaker Zhejiang Youngman Lotus Automobile over a rescue deal for Saab. Reports had said on Sunday that the Bank of China would replace China's Pang Da as an investor in Saab, which is under bankruptcy protection. Swedish Automobile confirmed Monday that it is talking with Youngman and a bank in China about an equity interest, but did not name the bank.
Six Shooter: BMW to bring six-cylinder 6-series to the United States
Wed, 29 Jun 2011BMW will bring a six-cylinder version of its elegant 6-series to the U.S. market this fall, a spokesman confirmed on Wednesday. The German luxury-car maker will sell a version wearing the 640i badge.
Smart to sell Nissan-built car in U.S. in 2011
Wed, 06 Oct 2010The U.S. distributor of Smart cars says it has a tentative deal with Nissan to sell a small, five-door car built by the Japanese automaker under the Smart brand, beginning in late 2011. Smart USA Distributor LLC, which is owned by Roger Penske's Penske Automotive Group, said the car would be powered by a gasoline engine and fit the B-segment size class.