Westerbeke Distributor on 2040-parts.com

Saab ends deal with Chinese investors

Saab 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.

The King and his court at Amelia Island

NASCAR legend Richard Petty was joined by celebrated racers Carroll Shelby and Don Garlits on Saturday at a seminar at the Amelia Island Concours d'Elegance in Amelia Island, Fla. Shelby was filling in for Sir Stiling Moss OBE, who was injured a week ago after falling into an elevator shaft at his home. The three racers regaled a packed house with stories from their careers.

Rumour: Aston Martin One-77 gets canned – or does it?

Aston Martin is really struggling at the moment. Discounts abound (particularly on ’08 model year cars – you can have a V8 Vantage Roadster for not much over £60k, and a DB9 for £75k), and new car sales are as rare as hens teeth. Not surprisingly, there have been deep job cuts, and the dealer network is really struggling to survive.