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Chinese bank may join Saab rescue deal

Saab's owner, Swedish Automobile, said on Monday it is discussions with a bank in China and Chinese automaker Zhejiang Youngman Lotus Automobile over a rescue deal for Saab. Reports had said on Sunday that the Bank of China would replace China's Pang Da as an investor in Saab, which is under bankruptcy protection. Swedish Automobile confirmed Monday that it is talking with Youngman and a bank in China about an equity interest, but did not name the bank.

Concept Group International (CGI) expands its reach into China

CGI is one of the European leaders in vehicle development technology and is increasing its client base by providing engineering services to Chinese automotive manufacturers. CGI is currently operating in China utilizing the capability of its strategic partners based on the mainland, allowing Chinese automotive manufacturers to benefit from CGI's expertise and its history in engineering and innovative design.  CGI has developed key partnerships with major automotive manufacturers based in the UK and Europe and is fully committed to generating similar relationships in China. By providing OEMs such as Bentley, Jaguar Land Rover, Nissan and Aston Martin with best-in-class quality and on-time delivery, CGI is now poised to further develop its presence in the Asian market.

Audi A8 L (2010 / 2011) revealed

The Audi A8 L 2011 will debut at the Beijing Motor Show There were times when we didn’t expect Audi to deliver a W12 engine in the new Audi A8. After all, with the rise and rise of the environmental lobby anything that doesn’t run on bio-fuel and emit fairy dust can expect to be castigated by the green-halo wearers as a planet-killer. So it’s a joy to see Audi give the finger to the naysayers and introduce the new W12 in the new Long Wheelbase 2010 / 2011 Audi A8 revealed this morning.