Chinese bank may join Saab rescue deal

Saab's owner, Swedish Automobile, said on Monday it is discussions with a bank in China and Chinese automaker Zhejiang Youngman Lotus Automobile over a rescue deal for Saab. Reports had said on Sunday that the Bank of China would replace China's Pang Da as an investor in Saab, which is under bankruptcy protection. Swedish Automobile confirmed Monday that it is talking with Youngman and a bank in China about an equity interest, but did not name the bank.

Ford EcoSport, Kuga & Edge SUVs will drive Ford’s sales

SUVs, like the Ford Kuga (pictured) will drive Ford sales in the future In 2010 we decided that the Ford Kuga was the inheritor of Ford’s ‘Family Car’ crown, as it offered everything a traditional family saloon does but in a more practical package. And the car buying public seem to agree. Ford’s latest Kuga is selling so well Ford has had to up production for Europe, and the new compact EcoSport SUV is about to take on the world, with Ford planning to roll it out in 60 countries across the globe in the next few years.

First 2015 retail Mustang goes for $300K

Compared to your typical Barrett-Jackson collector car auction price, $300,000 might not seem like too much--a 1967 Corvette went for $3.8 million. But with 100 percent of the proceeds going to the Juvenile Diabetes Research Foundation, $300,000 doesn't sound too shabby. On Saturday, the winning bidder ended up dishing out $300k for the first 2015 retail Ford Mustang GT, about 10 times the actual price.