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Saab owner and Chinese investors continue talks regarding takeover deal

Talks between Saab's owner Swedish Automobile and two Chinese investors on a takeover deal to rescue the ailing carmaker will continue even though a memorandum of understanding signed by the parties only runs until Tuesday, Saab said. "They (the parties) are still in discussions about the structure of the deal going forward and they are continuing their cooperation as if the memorandum of understanding continues," Gunilla Gustavs, a Saab spokeswoman, told Automotive News Europe. The Chinese companies, Pang Da Automobile Trade Co.

Stillen contest calls for production SEMA Scion FR-S bodykit designs

Tuning company Stillen has launched a competition to design a bodykit for the Scion FR-S to be put into production. As well as having their design made, the winner also win entry to the Specialty Equipment Marketing Association (SEMA) Show and be put up during the show for two days in Las Vegas, where the car will be displayed The contest calls for designers to submit renders of a lip/body kit consisting of a front lip spoiler, side rockers and rear valances by downloading the design templates from the contest website and submitting their own designs by email along with name and contact information. The Stillen design team will choose the top five designs three days after the submission deadline and upload them to its Facebook page, with the winner chosen by the public on Facebook after two weeks of voting.

Rural motorists pay price at pumps

RURAL MOTORISTS are beginning to feel petrol price pressure at the pumps again, according to the AA. Average UK petrol prices went back above 130p a litre at the end of April and continue to hover around that level. But the AA said that a war in which supermarkets have pitted vouchers against rock-bottom pump prices means the cheapest petrol in many big towns and cities is at year-lows of just under 126p.