Industry

Swedish Automobile has confirmed today that it has made an 11th-hour deal with Chinese firms Pang Da and Youngman for the sale and purchase of 100 percent of the shares in struggling automaker Saab for 100 million euros (approximately $142 million). So far only a memorandum of understanding has...

Coinciding with the reveal of its facelifted 2013 Audi A4 range, the automaker from Ingolstadt has announced that it’s reached a new milestone concerning its popular mid-size model. Factoring in the original four generations of the Audi 80 first launched in 1972, plus the four-generations of...

Rolls-Royce has announced that it will sell its cars in Brazil and Chile, the first time it will do so in the South American market.

Saab has taken one step closer towards what’s shaping up to be a possible bankruptcy with news coming out over the weekend that the struggling Swedish automaker has terminated its tentative alliance deals with Chinese firms Pang Da and Youngman. The decision was made by Saab’s parent...

Mercedes-Benz has announced today that it will further expand its U.S. plant in Tuscaloosa, Alabama by adding production of a fifth model line in 2015. The plant is currently home to production of the M-, GL-, and R-Class SUVs, and has already been confirmed to build the next-generation C-Class in...

Saab has announced today that it has received a commitment from American private equity firm North Street Capital for a cash payment before the October 22 deadline to pay off part of its bridge loans, once again helping the struggling automaker stave off bankruptcy. The cash will be awarded to Saab...

Tesla has lost the libel half of its case against Top Gear.

Quashing claims that British sports car company Lotus could be up for sale, current owner Proton has released a statement saying that the news was untrue and that there are no plans for the sale of Lotus or any stake in it. Recent reports suggested that investment group Genii Capital, a part owner...

Update: Earlier this week news broke that Saab's Chinese partners would be blocked from their bid to give the Swedish automaker a much-need cash infusion. Today, Saab has responded with a statement that says the reports were misinformed, and that it has received a first payment by China's Youngman...

Coachbuilding has certainly become a tough business. As sales volumes of even the most exotic cars go up, and manufacturers offer more and more custom and exotic options direct from the factory, the niche once filled by the older custom building companies is becoming increasingly shallow. But the...

As automakers strive to achieve gas mileage gains and prolong the life of the internal combustion engine, it’s impressive to see the new areas of efficiency improvements being developed, even some you may never have considered before. The latest is from Michigan-based supplier Federal-Mogul...

After 10 long years at the top, silver has finally been dethroned by white as the world’s most popular color for new cars. The claim is the result of a study conducted by one of the world’s leading manufacturers of transportation coatings, PPG Industries. According to PPG, approximately...

Just a day after Mazda announced that its new 2012 Mazda CX-5 would feature ultra-high tensile steel in its construction, Nissan has followed suit with an announcement that its cars will as well but only from 2013. Additionally, Nissan’s cars will only use 1,200 megapascal (approximately...

Mazda will be the first automaker to implement the use of 1,800 megapascal (approximately 261,000 psi) ‘ultra-high tensile steel’ in a mainstream vehicle with the launch of its new 2012 Mazda CX-5 crossover early next year. Grouped under its range of new SKYACTIV fuel saving...

With auto giants Ford and Toyota recently announcing a partnership for the development of a new rear-wheel drive hybrid module that will ensure their respective SUV and pickup models have a bright spot in a world of rising oil prices, it was only a matter of time until some of their major rivals...

GM has announced plans to launch the industry’s first front center airbag, designed to help protect drivers and front passengers in far-side impact crashes where the affected occupant is on the opposite, non-struck side of the vehicle. The tubular airbag is also designed to provide restraint...

Today's mix of news is a bit of a mish-mash, with Nissan the unlikely purveyor of nascent mind-reading technology for future cars, Bentley eyeballing a return to Le Mans LMP1 competition next year, and Spyker selling to a firm that isn't CPP. Oh, and the president of Equitorial Guinea had his...

It wasn't so long ago that talk of Spyker buying, and thereby saving, Saab was the hot news. Since then, the Dutch supercar company has reorganized things, keeping Saab and Spyker separate, while setting the whole thing up under the umbrella of Swedish Automobile. Things haven't gone all that well...

A new program from Chrysler will allow Chrysler, Dodge, Jeep or Ram buyers to track the production of their new vehicle from start to finish.

Plans for a successor to the slow-selling Maybach 57 and 62 sedans appear to have hit a snag, with reports coming out of Germany claiming collaborative talks between Daimler and Aston Martin have collapsed. Aston Martin, which is planning a flagship sedan for its own Lagonda brand, was looking to...