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Maserati to build new Alfa Romeo car
Fri, 13 Apr 2012Maserati, Fiat Group's luxury sports car brand, will build Alfa Romeo's new halo model, according to company sources. The car is a rear-wheel-drive coupe named the 4C. Fiat said April 12 that Maserati will build a new vehicle for Alfa in Modena, Italy, starting in May 2013, with a forecast annual production of up to 2,500 units.
Renault Samsung SM7 concept
Tue, 05 Apr 2011Making its debut at the Seoul Motor Show was the Renault Samsung SM7 concept. Despite carrying the concept tagline, the car is a thinly veiled production model of the forthcoming Samsung SM7 in Asia, and possibly the next generation Renault Laguna or Safrane in Europe. The D-segment sedan is based on a stretched platform that underpins the current SM5, and will go head to head with both the Hyundai Grandeur and Kia K7.
Spyker signs deal with China's Hawtai Motor to raise funds for Saab
Tue, 03 May 2011Saab owner Spyker Cars on Tuesday said it has signed an agreement with China's Hawtai Motor Group to form joint ventures for manufacturing, technology and distribution. The agreement will also provide $222 million (150 million euros) funding for Saab, which has been forced to halt production because it cannot pay suppliers' bills. Victor Muller, Spyker CEO and Saab chairman, said the partnership will allow Saab to enter the Chinese car market with a strong Chinese manufacturer.