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Spyker signs deal with China's Hawtai Motor to raise funds for Saab
Tue, 03 May 2011Saab owner Spyker Cars on Tuesday said it has signed an agreement with China's Hawtai Motor Group to form joint ventures for manufacturing, technology and distribution. The agreement will also provide $222 million (150 million euros) funding for Saab, which has been forced to halt production because it cannot pay suppliers' bills. Victor Muller, Spyker CEO and Saab chairman, said the partnership will allow Saab to enter the Chinese car market with a strong Chinese manufacturer.
Nissan announces its 'Power 88' five-year plan
Mon, 27 Jun 2011Nissan CEO Carlos Ghosn has announced the firm's 2011-2016 business plan. The Nissan Power 88 plan aims to increase Nissan's global market share and sets strong profitability targets for Japan's No.2 carmaker. Power 88?
Motown’s greatest hits – all the best cars from the Detroit Motor Show 2014
Wed, 15 Jan 2014Detroit, heart of the American car industry, traditionally hosts the first motor show of the year each January. Officially known as the North American International Auto Show – or NAIAS – it’s a chance for carmakers to kick-start the coming 12 months with a bit of glamour and sparkle. And the 2014 Detroit Motor Show has not disappointed, with a substantial number of new debuts and a chance to see some existing favourites, too.