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Condition:New Brand:Custom-Design Manufacturer Part Number:Does Not Apply

Saab ends deal with Chinese investors

Mon, 24 Oct 2011

Saab owner Swedish Automobile scrapped a $340 million investment deal with Chinese automotive companies Zhejiang Youngman Lotus and Pang Da after they proposed a buyout, straying from the original deal. Youngman and Pang Da signed a nonbinding agreement in July to take a combined 53.9 percent stake in Swedish Automobile. The Chinese companies say circumstances have changed since that time, so the deal should too.

Chevrolet Corvette chief engineer Zora Arkus-Duntov honored in Russia

Sat, 19 May 2012

Belgian-born Zora Arkus-Duntov was the first chief engineer for the Chevrolet Corvette. But he is a new discovery to Russians, even though he lived in St. Petersburg through his teenage years.

Chrysler posts $370 million net loss on costs tied to repaid loans

Tue, 26 Jul 2011

Chrysler Group LLC, after recording its first post-bankruptcy profit three months ago, posted a net loss of $370 million in the second quarter due to costs tied to the repayment of government bailout loans. Chrysler incurred a charge of $551 million in paying back the U.S. Department of Treasury and the Canadian loans that kept the automaker afloat in 2009.