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Saab bidding closed, buyer announced soon

We should know the buyer of Saab soon The Swedish press have been told that the bidding on Saab has now closed and that the successful buyer will be announced shortly. It’s amazing how much interest – and speculation - there is around the demised Saab; so much so we’ve probably reported as much on Saab after its demise as we did when it was in the throes of turmoil. Saab’s administrator, Hans Bergqvist, has revealed that the bidding process is now closed and that he will be talking to Saab stakeholders to discuss the bids and confirm which of the number of bidders is successful.

Vauxhall & Opel could merge with Peugeot Citroen.

GM Europe (Opel and Vauxhall) could extend their deal with PSA (Peugeot Citroen) with a Joint Venture or merger. When GM Europe and PSA announced they were forming an alliance earlier this year, we asked if this was an admission that the mainstream car market in Europe had changed forever, and an alliance between Opel, Vauxhall, Peugeot and Citroen was the only way to keep the brands viable. But we did also question what use a projected annual saving of €2 billion by sharing suppliers and co-developing platforms would be to PSA and GM considering their woeful losses.

Pagani Zonda R Evo revealed ahead of Goodwood FoS Debut (video)

Pagani appears ready to reveal an ‘Evo’ upgrade for the track only Zonda R at the Goodwood Festival of Speed 2012. If you thought the ‘launch’ of the Pagani Huayra meant the end of the Pagani Zonda, you’d be mistake. The Huayra is fraught with ongoing problems for Pagani – most of them legislative – which means very few have found their way in to the wild (perhaps, and only perhaps, just one customer car is in existence).