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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.

Who's Where: John Puskar and Liz Wetzel appointed to new roles at GM Design

As part of an ongoing strategy at General Motors, this past month has seen a series of moves taking place within the company's design organization in Europe and the US. Two of the key changes have been the appointment of John Puskar to the role of Director of Cross-Brand Strategy, C&T and Components in North America, and that of Liz Wetzel, who has been named Director of GME Design Interior – effectively filling Puskar's role. Puskar, who until recently headed the Opel/Vauxhall Interior Design at the European Design Center in Russelsheim, Germany, majored in Industrial Design at the Cleveland Institute of Art and worked at Ford in both the USA and Germany before joining General Motors as a creative designer at the GMC Brand Center in 1999.

Dany Bahar’s restored V8 Lotus Esprit for sale

With Dany Bahar now ousted as Lotus boss, his fully restored 2002 V8 Lotus Esprit is up for sale. When Dany Bahar joined Lotus from Ferrari, he brought with him some grandiose plans – and an ability to spend money – that were ultimately his undoing. And it appears Bahar was a bit too grand to run around in any of Lotus’s current models as ambassador for the brand, instead deciding the way to go was a fully restored version of the last Lotus supercar – the Lotus Esprit.