Fiat plans Chrysler makeover in 2011

Chrysler is to get a complete overhaul in 2011. After months of uncertainty, its new masters at Fiat are planning a raft of new models and targets to more than double UK sales. Despite only selling 2692 Chryslers in the UK during 2009, Fiat and Chrysler marketing director Elena Bernardelli told Business Car magazine she expects Chrysler sales to exceed 6000 in 2011.

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.

Eterniti Supercar teased – Porsche 911 Turbo based?

Eterniti Supercar Teased - with Porsche 911 Turbo underpinnings? We’re really not sure what to make of Eterniti Motors. They touted themselves as a new car company, yet all we’ve seen so far is the Gemballa-esque Eterniti Hemera, a titivated and be-jewelled Porsche Cayenne Turbo.