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Mahindra XUV500 heading for Europe

Mahindra & Mahindra – India’s biggest SUV maker – is heading for Europe with the Mahindra XUV500 SUV. Mahindra & Mahindra are India’s biggest maker of SUVs, but are perhaps best known in Europe for the Ssangyong brand, but they’re on a quest to be major car player in the rest of the world, not just India. That quest is behind their acquisition of failing Korean car maker Ssangyong and the attempt to grab what was left of Saab from the liquidators.

Lamborghini plans LM002 successor

By Georg Kacher Motor Industry 27 November 2006 10:48 Lamborghini has finally cast its new plans in stone, after much heated debate. And the plan is to replace the core supercars, before adding an SUV to the range. Although the Bologna-based sports car maker is now writing its balance sheets in black ink, the modest funds still don't suffice to generate a new standalone model like the proposed Espada - at least not for the time being.

Saab says three new models are in the works

Saab says a new financial deal with Chinese companies Pang Da and Zhejiang Youngman Lotus gives it the cash to plan three new models. Saab's plan calls for: -- The 9-1, an entry-level car that has been known as the 9-2 until now. -- The 9-6 and the 9-7, which Saab says will be prestige vehicles.