Saab turns down takeover offer from Chinese investors

Swedish 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.

Car Color Trends Shift with the Economy (Video)

According to the 2008 DuPont Automotive Color Popularity Report, white is the top vehicle color choice in North America for the second straight year in a row, with black and silver close behind. And experts say the slumping economy may be playing a role in these choices. During an economic downturn, people tend to be more conservative when purchasing a new car and often avoid getting something too trendy.

Suzuki XA Alpha concept

The XA Alpha concept 2012 was unveiled at the New Dehli Auto Expo by Suzuki and its Indian collaborator, Maruti. Although little information has been released, rumors circling the show floor suggest that it is underpinned by the Swift platform. Similar in size to Nissan's Juke, the XA Alpha is pitched at India's youth market, although the show car's suicide doors and highly detailed lamp graphics are unlikely to reach showrooms.