Surprise Saab financial saviour Hawtai Motor Group claims on its website to be one one of the largest automakers in China. It was founded in 2000 and has two plants located in Rongcheng, Shandong province, and Erdos, Inner Mongolia province.
MAN is the third European truckmaker to beat first quarter expectations, pointing to a wider recovery in the sector. First-quarter operating profit more than doubled to EUR325m (US$481.3m), it said on Tuesday, beating the EUR307m estimated by analysts.
Swedish car firm receives major boost with huge investment from Hawtai.
Saab Automobile has signed a EUR150m (US$222.5m) agreement with Hawtai Motor Group to produce and sell Saab cars in China.
Volkswagen's plans to add factories and models will ensure "profitable growth" at Europe's biggest carmaker in coming years, CEO Martin Winterkorn said.
Dealer special gets pumped-up styling and but promises low running costs for young buyers.
The Auto Express Design Award 2011 is your chance to decide the best-looking car of the last 12 months, so click through to have your say
‘3-Series GT’ to be given new badge and is due for Frankfurt show debut
Rugged SxC to spawn Audi Q7-rivalling 6008 and it will be designed with Chinese tastes in mind
Next-generation Astra VXR sharpens up with handling testing at the Nürburgring in Germany
A consortium led by a vehicle of veteran investor Jack Petchey has confirmed it made a takeover approach for British car dealership and parts supplier Lookers but has been refused access to its target's books.
Alfa Romeo reveals an early refresh of its MiTo line-up, with lower prices, higher spec and simplified trim levels
Germany's new car sales growth slowed to 2.6 percent to 266,251 units in April after months of double-digit growth. The Federal Motor Vehicle Office (KBA) said 266,251 new cars were registered last month.
New car registrations in Germany rose 2.6 percent in April, led by sales of Opel and VW brands.
Saab Automobile AB plans a global public relations blitz to introduce its new Chinese partners and its likely new investor, Vladimir Antonov from Russia. The plan will include Saab Chairman Victor Muller and will target major media and auto shows.
Crisis-hit Saab won a reprieve today after its owner Spyker Cars signed an agreement with China's Hawtai Motor Group to form joint ventures on manufacturing, technology and distribution.
Crisis-hit Saab won a reprieve after its owner Spyker Cars signed an agreement with China's Hawtai Motor Group to form joint ventures on manufacturing, technology and distribution.
Honda extended limits on U.S. dealer orders of Japan-built autos and delayed the release of a new CR-V sport-utility vehicle to manage the impact of a record earthquake in March.
General Motors is poised to reclaim the global auto sales lead from Toyota, which has been hit by both natural disasters and reports of slipping quality.
Honda said it will again expand a U.S. recall of Honda and Acura brand models to fix flawed airbag components.
With the current economy the last thing you need is for your vehicle to break down. Whether your driving a reliable car or a busted up
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