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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.
Used cars 'getting cheaper'
Thu, 10 Oct 2013CONSUMERS holding on to their motor for longer are driving down the cost of used cars, according to new research. The average price for a second-hand car in July-September 2011 was £8,870 - a 2.4% decline compared with the same period a year ago, according to the Auto Trader company. It is the first time the price has dipped below £9,000 since the company started tracking the market in January 2010.
Aston Martin Cygnet Launch Editions revealed
Thu, 20 Jan 2011The Aston Martin Cygnet Launch Editions - in black or white with bespoke luggage We’ve know that Aston Martin were intent on transforming the Toyota iQ in to the Aston Martin City Car. Initially that meant a small Aston for existing Aston owners, but it soon became clear that Aston Martin intended the Aston Martin Cygnet to be an Aston for the People. Sort of.