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Jaguar Land Rover & Chery in business

The joint venture between Jaguar Land Rover and Chery Automobile in China is now official and will see new production and R&D facilities in China. Jaguar Land Rover has now received official approval for its joint venture in China with Chery Automobile from China’s authorities – something we predicted as long ago as February 2011 - which will see both JLR and joint branded cars rolling off production lines in China. The JV will be known as Chery Jaguar Land Rover Automotive Company Ltd.

General Motors to shut down Saab

General Motors has announced that it will be closing the Saab brand after the company was unable to strike a deal with Spyker Cars. This follows from last month's withdrawal of would-be suitor Koenigsegg, leaving Spyker the sole contender in the acquisition of the ailing Swedish brand. According to Nick Reilly, GM's European president, the company has decided to cut its losses: "Despite the best efforts of all involved, it has become very clear that the due diligence required to complete this complex transaction could not be executed in a reasonable time.

Faulty airbags cause recall of 3.4 million cars

Toyota, Honda and Nissan are recalling more than 3 million vehicles made between November 2000 and March 2004 for faulty airbags from parts supplier Takata, Automotive News reported on Thursday. So far, 1.73 million Toyotas, 1.14 million Hondas, and 480,000 Nissans are involved in the recall. But the report from Automotive News suggests Takata also supplied other manufacturers with the same airbags.