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Porsche considers North America, China production to grow sales

Porsche may launch production in North America and China as part of a plan to double annual global sales to 200,000 units, CEO Matthias Mueller said. Mueller said the sports car maker's current German assembly plants in Zuffenhausen, near Stuttgart, and Leipzig, were too small for the brand to reach its ambitious goals. "We will consider this year whether to start production in Asia or North America," Mueller told the German magazine Focus in an interview published Monday.

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.

Chevrolet Colorado concept

General Motors' Chevrolet brand is previewing the next generation midsized Colorado pickup truck in concept form at the Bangkok International Auto Show. The venue was chosen to debut the truck due to the Thai market's prevalence – it is the world's largest market for midsize pickups. Despite being a show vehicle, the basic proportions and form are said to convey the vision for the next-generation Colorado, whiuch is said to build on Chevrolet's 'strong truck DNA and award-winning heritage.' With a design calling on the inherent strength of Chevy trucks, it is unsurprising to see the exterior boast a broad shouldered and squat demeanor.