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Saab secures investment from China et al

China's Hawtai Automotive invest €150 million in Saab As you can’t have failed to notice, Saab has stopped production because it’s run out of money. And despite the best efforts of Vladimir Antonov to throw money at Saab, the EIB and the Swedish Debt Office seemed unwilling to move quickly to allow Saab to get back in to production. But things they are a-changing.

Volkswagen says Italdesign purchase will boost its growth strategy

Volkswagen AG will acquire a 90 percent stake in Italdesign Giugiaro S.p.A., VW said Tuesday. The Giugiaro family will retain 10 percent in the 42-year-old automotive styling company that is famous for designing cars such as the first-generation Volkswagen Golf. VW CEO Martin Winterkorn said Italdesign will make an important contribution to the automaker's 2018 global growth strategy.

New Mercedes-Benz SL to use aluminum to cut weight

The next Mercedes-Benz SL coupes will get more power, less weight and a few neat tricks, including features named Magic Vision Control and FrontBass. We'll get our first look at the new car at the Detroit auto show in January. A few journalists were invited to take a sneak peak at the car during the Los Angeles auto show, but pictures and video weren't allowed.