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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.

New Mercedes-Benz gullwing sports coupe spied

Carmakers have their plans for this year's Geneva motor show lined up. But here's something that we expect to see at Geneva in 2010: Mercedes-Benz's new high-performance coupe. Up to now, reports are that this gullwing Mercedes sports car would wear the SLC name.

Peugeot Exalt Concept Sports Saloon revealed early

The Peugeot Exalt Concept (pictured) arrives ahead of Beijing Peugeot were busy teasing the arrival of a new sports saloon concept for the 2014 Beijing Motor Show back in January, said to evoke the styling and materials of the impressive Peugeot Onyx Concept. Now, a couple of weeks ahead of the Beijing Show, we get the first photo of that concept – the Peugeot Exalt Concept – which seems to have been sent out a few days earlier than Peugeot intended in an overnight press release dated 10th April. Oh, well.