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San Tan Valley, Arizona, US
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Saab ends deal with Chinese investors
Mon, 24 Oct 2011Saab owner Swedish Automobile scrapped a $340 million investment deal with Chinese automotive companies Zhejiang Youngman Lotus and Pang Da after they proposed a buyout, straying from the original deal. Youngman and Pang Da signed a nonbinding agreement in July to take a combined 53.9 percent stake in Swedish Automobile. The Chinese companies say circumstances have changed since that time, so the deal should too.
Subaru Impreza WRX STI S206: The ultimate Impreza for JDM
Thu, 24 Nov 2011Subaru Impreza WRX STI S206 Scooby fans do like a limited edition Impreza, so their collective mouths will be watering at the news that a new Impreza is on the block – the Impreza WRX STI S206. But before you all get too excited, Subaru has no plans to bring any of the 300 S206s to the UK – they’re all for the JDM and are going straight on sale in Japan, with an S206 taking pride of place on Subaru’s stand at the Tokyo Motor Show next week. Subaru say the S206 is the Crown Jewel of the STI cars, and Subaru have given the S206 a raft of updates over the standard WRX STI.
Chrysler rolls out 'No Payments for 90 Days' incentives
Fri, 12 Aug 2011As worries grow of a second-half sales slowdown, Chrysler Group announced new incentives this week for 2011 and 2012 models. Under the “No Payments for 90 Days” promotion, buyers of 2011 or 2012 Chrysler, Jeep, Dodge or Ram Truck vehicles who finance their purchases through Ally Financial won't have to make payments for three months. The promotion runs through Sept.