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Saab turns down takeover offer from Chinese investors

Swedish Automobile, owner of Saab, has turned down a takeover offer from China's Zhejiang Youngman Lotus Automobile Co. and Pang Da Automobile Trade Co. Youngman and Pa Dang signed a nonbinding memorandum in July to take a combined 53.9 percent stake in Swedish Automobile for about $338 million.

Porsche India to launch in 2012 – plans for local Cayenne CKD assembly

Porsche India to launch in 2012 VW Group is planning to launch Porsche India in 2012 and is expected to import the full range of Porsche cars and planning CKD assembly of the Cayenne. Yes, you can already buy a Porsche in India and there’s a small network of dealers. But at the moment they are imported by Precision Cars.

Speading plea as fines quadruple

A MOTHER whose two-year-old son was one of eight people who died in a horrific road crash has spoken of the need for motorists to "break the habit of speeding to prevent more needless deaths". Tracey Mohabir's comments came as the Government announced a four-fold increase in fines available to magistrates, meaning motorway speeders could be forced to pay up to £10,000. Mrs Mohabir's son Marcus was travelling with his father Steve and two friends, Toby and Kate Beasley, when their Land Rover was hit by a speeding BMW which crashed through the central reservation on the A23 near Pycombe, Sussex, on May 16 2004.