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Saab deal no longer valid says Pangda Chairman. The end of Saab?

Saab deal with China not valid says Pangda Chairman Update 10 am 12/10/11: Saab & Pangda have issued a statement about this story and say that the reports of the Saab deal with Pangda and Youngman as being no longer valid are “…based on a misunderstanding”. Whatever that means. Yesterday there was yet more speculation that Saab will be declared bankrupt as real doubt about the deal with Chinese companies Pangda and Youngman started to surface.

Ford Fiesta ECOnetic: On the Drive

We test the new Ford Fiesta ECOnetic to see if it's as 'Green' as it seems But how good would it actually be to live with? We all know that headline fuel consumptions can be misleading, but was this new ‘Eco’ Fiesta really all that economical? We’d had numerous emails and comments after that first drive, all saying basically the same thing: Yes, it headlines at 76mpg, but what will it do in the real world?

Porsche to add 1,000 employees

To keep pace with its planned model expansion and sales targets, Porsche AG will add more than 1,000 employees by 2015, Automotive News Europe has learned from Volkswagen Group sources. About 500 jobs will be added for production of Porsche's new compact SUV, codenamed the Cajun, which will go on sale in 2013 in Europe and in North America about six months later. Porsche's supervisory board will make a decision on the production location of the Cajun in mid-March.