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Geely’s Rolls Royce clone gets de-cloned

The Geely GE Facelift - no longer a RR Clone It’s amazing how much things have moved on in the last twelve months. A year ago we reported that China’s Geely had become the latest Chinese car maker to produce a complete rip-off clone of a Western car, in this case a clone of the Rolls Royce Phantom. The Geely ‘Phantom’ even sported a  single seat  ’Throne’ in the back so the owner could feel really important in his Chinese version of  a Western plutocrat’s carriage.

U.S. equity firm to invest $70 million in Saab

Race-car fan and private-equity executive Alex Mascioli is pumping $70 million into Saab as the Swedish automaker works to stay afloat. Mascioli's firm, North Street Capitol, is buying $10 million in shares of Swedish Automobile, which owns Saab, and is also giving the company a $60 million loan to pay for the carmaker's reorganization. U.S.-based North Street Capital struck a deal in September to buy the Spyker sports-car business from Swedish Automobile for $44 million.

Skoda reveals 2013 model offensive & extends new Skoda badge rollout

Skoda has revealed it is to launch six new models during 2013 and is also busy extending the rollout of its new badges across the Skoda range. Skoda has laid out its stall for 2013 early on, with a graphic posted on their Facebook page revealing new model plans for 2013 – all six of them. First out of the gate is the 2013 Skoda Rapid – which arrives this month – followed by the Skoda Octavia Hatch in March and the Octavia Estate in June.