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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.

Volvo's research proves car design invokes basic human emotions

Car design and human emotion are inexorably linked, according to new research from Volvo. The experiment, conducted in collaboration with Electroencephalographic (EEG) specialists Myndplay, tested respondents to analyse how the brain reacts emotionally to car design amongst other things. Participants were asked to rate a series of images whilst wearing an EEG headset that measured brainwave activity.

Lime Rock on track for Labor Day vintage festival

Connecticut’s Lime Rock Park doesn’t claim to have the biggest combination Concours d’Elegance and historic racing weekend in the United States, but it does have something that the recently concluded Pebble Beach and the Rolex Monterey Motorsports Reunion can’t match: All the action takes place in the same venue. And as any veteran of the annual traffic-clogged Monterey Peninsula extravaganza can attest, that’s a definite plus. But Historic Festival 30 presented by Jaguar isn’t just about convenience.