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Spyker hopes for a Saab purchase accord in 'days, not weeks'

Dutch niche carmaker Spyker Cars NV hopes to reach an agreement with General Motors Co. to purchase Saab in “days, not weeks,” Spyker's CEO said today. If that doesn't happen, CEO Victor Muller said, Spyker may have to give up.

Kia opens new Design Center America

Kia Motors has opened its new Design Center America, located adjacent to the new US corporate headquarters in Irvine, California, about 40 miles southeast of Los Angeles. The opening ceremony of the new US 21.8-acre Kia Corporate campus was held on June 24 and was presided by Byung Mo Ahn, group president and CEO of Kia Motors America and Kia Motors Manufacturing Georgia. He was joined at the ceremony by both local and state representatives, as well as members of the media and guests.

Ford cuts 2010 prices by up to 15%

Ford has cut prices of its big cars by up to 15% By Tim Pollard Motor Industry 26 March 2010 12:00 Ford today announced sweeping price cuts across its large car range – lopping up to 15% off the price of models such as the Mondeo, S-Max and Galaxy. The news comes after Ford raised price four times in the past year.The Blue Oval has drawn criticism in the past for artificially high list prices, which have penalised business buyers. In the UK, company car tax is calculated by the P11D price which is based on the list price, not the transaction price, and 70% of large Fords are bought by fleets.Private buyers have historically scored large discounts on big Fords, as did corporate buyers – making many question the need for higher list prices.