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Saab owner and Chinese investors continue talks regarding takeover deal

Talks between Saab's owner Swedish Automobile and two Chinese investors on a takeover deal to rescue the ailing carmaker will continue even though a memorandum of understanding signed by the parties only runs until Tuesday, Saab said. "They (the parties) are still in discussions about the structure of the deal going forward and they are continuing their cooperation as if the memorandum of understanding continues," Gunilla Gustavs, a Saab spokeswoman, told Automotive News Europe. The Chinese companies, Pang Da Automobile Trade Co.

U.S. car sales jump 20% in August

UPDATED -- U.S. auto sales--led by Honda Motor Co., the Volkswagen Group and Toyota Motor Corp.--jumped 20 percent last month for the strongest monthly pace in three years. The Detroit 3 also posted double-digit sales gains for August, signaling the auto industry's recovery remains solidly on track despite sluggish economic growth, rising gasoline prices and widespread consumer uncertainty.

Toyota C-HR Concept revealed as a funky urban crossover

Toyota C-HR Concept revealed as a funky urban crossover Last week we had a tease for the Toyota C-HR Concept and now, with its debut just over a week away at the Paris Motor Show, Toyota has revealed the first couple of photos. Likely based on the Auris – and arriving in 2015 as the Toyota Auris Cross – the C-HR Concept is a funky, high-riding urban crossover aimed at the burgeoning crossover market and destined to slot in below the RAV-4. What the C-HR Concept also does is preview a more cutting-edge design language from Toyota with shallow headlights merging in to the front grill, vertical running lights, big haunches, oversized wheels (which are unlikely to make production) and boomerang-shaped LED tail lights.