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Saab is sold again: two Chinese makers buy Saab
Fri, 28 Oct 2011Chinese car makers Pang Da and Youngman today agreed to buy Saab in its entirety from Swedish Automobile. It's the latest extraordinary twist in the saga of Saab, which has been technically bankrupt since September 2011 and built just 11,000 cars this year. The deal, which will see the Chinese car makers pay €100 million for Saab, has not yet however been signed and sealed.
Aston Martin’s 2015 Lagonda saloon revealed on way to Oman
Fri, 29 Aug 2014By Tim Pollard First Official Pictures 29 August 2014 08:13 Aston Martin’s wedgy new Lagonda super-saloon was flown to Oman for testing this week, affording us this fresh look at the Middle East-only four-door. Oman Air publicised its role in transporting this prototype out to Muscat ‘as part of its early testing programme.’ We hope it travelled first class; the Lagonda will only be offered on sale to its wealthiest clients in the region. It’s only one month since Aston Martin confirmed the Lagonda project and issued a solitary teaser image of the saloon, side-on and shrouded in shadows.
Chevy and GMC pickup trucks pile up on dealer lots
Thu, 13 Dec 2012General Motors entered December with bloated inventories reminiscent of its prebankruptcy days-and its lowest market share in 90 years. GM will try to fix both problems in a hurry. Dealers say the company has begun rolling out bigger discounts on many models, including the redesigned Chevrolet Malibu sedan and GM's full-sized pickups.