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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.
Subaru stops sales of three 2012 nameplates for brake problem
Thu, 01 Dec 2011Subaru of America stopped the sale of 2012 Impreza, Legacy and Outback models on Nov. 25, following customer complaints about increased brake pedal travel. Parent company Fuji Heavy Industries says it is recalling around 3,000 cars already sold and delivered.
Volkswagen Jetta gets a small facelift – debuting at New York Auto Show
Mon, 14 Apr 2014The VW Jetta gets a minor facelif It’s three years since the current VW Golf with a boot – the Volkswagen Jetta – arrived, so it’s time for a nip and a tuck to keep it relevant. Volkswagen are planning to roll out a facelift for the Jetta (above) at the New York Auto Show in a few days time and, although this is the North American version of the Jetta, the European tweaks will be much the same. That means an improvement in aerodynamics – by 10 per cent, say VW – with stop-start and low rolling resistance tyres to help economy too, a new nose with new grill, new bumpers and integrated fogs.