General Motors confirmed on Monday afternoon it was continuing to discuss the sale of its Saab unit with Dutch luxury sportscar maker Spyker but declined to elaborate. The announcement by GM chairman and CEO Ed Whiteacre came soon after the bidder said negotiations "must end soon".
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General Motors confirmed on Monday afternoon it was continuing to discuss the sale of its Saab unit with Dutch luxury sportscar maker Spyker but declined to elaborate. The announcement by GM chairman and CEO Ed Whiteacre came soon after the bidder said negotiations "must end soon".
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Up-for-sale GM unit Saab looks highly likely to be sold by General Motors to Dutch luxury sportscar maker Spyker Cars with an announcement expected at 16:30GMT in Detroit.
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Up-for-sale GM unit Saab looks highly likely to conclude a deal with
Dutch luxury sportscar maker Spyker Cars with an announcement
possibly to be made this evening, European time.
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China's second biggest carmaker, FAW Group, plans to sell over 2.3m vehicles this year, up 18.3% year on year, the Xinhua news agency said, citing a company executive.
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The US will follow Europe with a new generation of smaller displacement, turbocharged engines, according to the President and CEO of Honeywell Transportation Systems, Alex Ismail.
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AvtoVaz , maker of cheap Lada brand small cars, should be sold for US$1 to Renault, the head of Russia's largest car importer told a German newspaper on Sunday.
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Vehicle sales in the top six ASEAN markets combined fell by 10.2% to just over 1.9m units in 2009, with a sharp fall in the first half of the year partially offset by a strong second half recovery. Market recovery is expected to continue in 2010.
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DETROIT - Edward E. Whitacre, Jr., has agreed to continue as chairman and CEO of General Motors, it was announced today.
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To be completely frank, I was excited to come to Georgia to see the shiny new Kia plant that is manufacturing the 2011 Sorento-- Georgia itself was incidental. The tour of KMMG was awesome-- yellow robotic arms working in a poetic rhythm with errant sparks flying into the cluster of automotive journalists who gazed on with childlike wonder (well at least this journalist felt like a 7 year old on a class field-trip!). It was truly a sight to behold. But there was something else going on in that factory, and honestly, I know I will not and cannot do it justice with my words.
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Just a few short laps on the old F1 track, seven or eight at most, was all it took for me to realize two things: A), I have no idea how drivers manage to sustain this kind of effort hours on end, and B) the BMW 335is set to hit North American streets in the spring, is a great little toy featuring flawless power and handling. Well almost, anyways.
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The Fiat 500 by Diesel has chosen "Bread & Butter", the show dedicated to youth fashion in Berlin, to preview of two important new features: "Midnight indigo" blue, a special body colour, and the 1.3 Multijet II 95 HP (Euro 5) with Start&Stop system fitted as standard, the new second-generation turbodiesel, now even more environmentally-friendly and suitable for city driving.
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It emerged on Monday that the Formula 1's Sporting Working Group late last week approved the touted points system tweak.
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Formula 1 supermo Bernie Ecclestone has finally named the two teams he suspects will struggle to make it to March's 2010 season opener.
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Denny Hamlin, one of the favourites to challenge and/or stop Jimmie Johnson's quest for Five straight NASCAR Sprint Cup titles injured his left ACL (anterior cruciate ligament) in a pre-racing-season basketball game with friends.
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The 2010 Gulf Air Bahrain Grand Prix will be kicking off the 60th anniversary season of the FIA Formula One World Championship with a brand new track layout as it extends its existing 5.412km circuit to a thrilling 6.299km.
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The new BMW 5 Series Sedan, the epitome of aesthetic design and supreme driving pleasure in the upper midrange segment, is conquering the road.
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New colors for a new car. The Audi A1 has been designed with a love for detail that includes its innovative range of colors. For the interior, the designers have come up with something very special: Wasabi Green.
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Zeewolde, the Netherlands,- Spyker Cars N.V., manufacturer of exclusive premium sports cars, has noted recent press speculation about the SAAB negotiations. Spyker confirms that talks are ongoing, the outcome of which is still uncertain. As SAAB is currently in liquidation talks must end soon.
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The new Silver Arrows Formula One works team Mercedes Grand Prix Petronas was presented at the Mercedes-Benz Museum in Stuttgart.
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