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Swedish sports-car maker Koenigsegg may buy Saab
Thu, 11 Jun 2009General Motors has chosen Swedish luxury sports car maker Koenigsegg Automotive AB as the preferred bidder for the Saab brand, news reports said. Koenigsegg and Norwegian investors have signed a letter of intent to take over Saab, Swedish television said Thursday, attributing its report to unnamed sources. "The deal is there now and a few minor details remain," a source told Reuters.
China automaker Brilliance halts Europe exports, executives say
Thu, 29 Apr 2010Brilliance China Automotive Holdings Ltd., BMW AG's partner in China, has halted its car exports to Europe after its BS4 and BS6 sedan met with a cool reception, and there is no timetable for a resumption, senior executives said on Thursday. The head of Brilliance's former importer for Europe, Hans-Ulrich Sachs, told Automotive News Europe in March that another reason the automaker struggled is because it refused to lower the starting prices on the BS6 and BS4. "They didn't want to lose any money per car," said Sachs, the former boss of the now dissolved import company HSO Motors Europe.
First (Snow) Drive: Maserati Q4 system
Thu, 23 Jan 2014What Is It? Maserati's very first all-wheel-drive system. Quattroporte and Ghibli, Q4 is mechanically simple but electronically sophisticated.