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Saab reportedly bought by Chinese-led consortium

A Chinese-controlled consortium has completed a deal to buy the assets of bankrupt Swedish carmaker Saab, media reports said. National Electric Vehicle Sweden (NEVS) will pay 1.5 billion to 1.8 billion kronor ($210 million to $250 million) for Saab, excluding spare parts company Saab Automobile Parts AB, according to reports in Sweden. NEVS did not confirm the reports.

Jeep and Mopar create six concepts

Jeep and Mopar have created six new vehicles in time for the annual Easter Jeep Safari in Moab, Utah, which takes place from 31 March to 8 April. The six concepts join around 30 others developed since 2002 by the brands for the pleasure of Jeep enthusiasts. Jeep Grand Cherokee Trailhawk Concept Finished in Stone White, but with a theme of Mineral Gray – grille surround, mirror caps and rear light bar – and red – tow hooks, the Jeep logos on wheel center caps and bolt holes – visible throughout.

New Car Sales Accelerating Ahead

IT’S GOOD news in the new car market as the latest figures from industry body the Society of Motor Manufacturers and Traders (SMMT) reveal registrations already outstripping those of 2012 with one month of the year still to go. A total of 159,581 new cars were registered in November - a 7% rise on the figure for November 2012. Last month's figures took the year-so-far total to 2,111,819 - a 9.9% rise on the January-November 2012 total and already in excess of the year-end 2012 figure of 2.04 million.