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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.

Volvo Concept Estate photos

Last week, Volvo's Geneva Motor Show concept was teased on a Swedish raincoat company's website. This week, we've got official photos of the Concept Estate, a wagonesque vehicle set to be shown at a show that's all about the supercar. We'll see the new Ferrari California T there.

Land Rover Defender to star in 2012's new Bond film

Land Rover’s Defender will be one of the star vehicles of the new James Bond film Skyfall, due in cinemas this winter. The venerable 4x4 will be driven in a chase sequence by Naomi Harris’s character, Eve. And the assignment is shaping up to be one of the toughest in the Defender’s 64-year history, says Skyfall co-producer Andrew Noakes.