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Saab reportedly sold to China’s Pang Da & Youngman for €100 million
Fri, 28 Oct 2011Saab Sold to China? Update: Just minutes after publishing this story we’ve heard from Saab confirming this report is correct and that the administrator - Guy Lofalk – has withdrawn his application for Saab’s court protection to be removed. The deal will be subject to Government approval.
2014 BMW X5 M50d: Specs, photos and price ahead of November on sale
Sat, 31 Aug 2013The 2014 BMW X5 M50d (pictured) goes on sale November 2013 The new BMW X5 goes on sale in November – after a public debut at the Frankfurt Motor Show next month – including the most powerful diesel X5, the 2014 BMW X5 M50d. Because the M50d is a bit special, BMW has seen fit to relay not just a pile of new photos of the M50d (above) but specific details on its spec and options ahead of the on sale date in Europe. Just as in the first X50d, the new X50d gets the world’s most powerful in-line 6-cylinder diesel engine under the bonnet, which means a thumping 376bhp and a planet turning 546lb/ft of torque, enough to sprint to 62mph in a very un-diesel like 5.3 seconds.
Ford reaches agreement to sell Volvo to Geely for $1.8 billion
Mon, 29 Mar 2010Ford has reached an agreement to sell its Swedish brand Volvo to Chinese carmaker Geely for about $1.8 billion in a multinational sale expected to close in the third quarter of this year. The pending agreement was announced on Sunday morning, and Ford will continue to supply powertrains, stamping and other parts to Volvo after the sale. If it closes, the landmark deal delivers the premium Volvo brand--long a benchmark for automotive safety--to a Chinese firm that has ambitious plans for growth.