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Saab announces new China joint-venture

Following on from last week's collapsed Hawtai Motor Group deal, Saab owners Spyker Cars have announced a fresh collaboration agreement today with Pang Da Automobile Trade Co, a Chinese vehicle distributor. Saab and Panda Automobile Company? Sounds Mickey Mouse to me!

Marchionne says he'll likely step aside from Chrysler in 2015 or 2016

Chrysler CEO Sergio Marchionne on Wednesday hinted that he will be stepping aside from the helm of the U.S. automaker within five years. During a question-and-answer session at the 2011 Management Briefing Seminars in Traverse City, Mich., the 59-year-old executive said Chrysler's future plans "will be up to the guy after me--after 2015 or maybe a year later….

Who's Where: Dave Rand resigns from Changan Automobile

Dave Rand, the former General Motors Design Chief, has resigned from the Chinese State-owned automaker after joining the company last October. Rand's resignation, which was made official last week, follows that of his senior at Changan, Ken Ma who stepped down as Vice President of Design earlier this year. It is not clear precisely why both men have decided to leave the Chinese carmaker, but several people familiar with the situation have said that both Rand and Ma's departures are connected with Changan Auto's recent financial difficulties.