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Saab turns down takeover offer from Chinese investors
Fri, 21 Oct 2011Swedish Automobile, owner of Saab, has turned down a takeover offer from China's Zhejiang Youngman Lotus Automobile Co. and Pang Da Automobile Trade Co. Youngman and Pa Dang signed a nonbinding memorandum in July to take a combined 53.9 percent stake in Swedish Automobile for about $338 million.
Augmented reality application streamlines home car maintenance
Thu, 30 May 2013The basic home motor-oil swap is about to get a lot more futuristic -- at least if the augmented reality application being developed by AR-media goes anywhere. AR-media's app uses a tablet's camera to position guides and instructions over a car's engine bay in real time. It sounds complicated, but it appears to be relatively seamless in action.
Hyundai Veloster Turbo for UK & Europe gets 186 horses UPDATED
Fri, 02 Mar 2012Hyundai Veloster Turbo for the UK gets 186hp The Hyundai Veloster Turbo – due to be revealed at Geneva next week – will get 186hp and 270NM of torque for the UK & Europe. When the Hyundai Veloster was confirmed for the UK and Europe back in November, we did say that it was likely to come with fewer horses but more torque to make it more fun to drive on European roads than the bigger horses and lower torque figures the American version gets. Now we learn that the UK and European Veloster Turbo will come packing 186hp (183bhp) – down from over 200hp in the US version – but with 270NM (199lb/ft) of torque.