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Saab owner signs investment deal with Chinese city of Qingdao


National Electric Vehicles Sweden AB (NEVS) has signed an investment deal with the Chinese city of Qingdao in order to build and sell EVs in the country. NEVS is a Chinese-controlled company that has bought most of Saab's assets after the Swedish company went bankrupt. According to a statement from NEVS quoted by Reuters, the deal involved a plan for Qingdao, via ...
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Saab’s new owner to launch EV for China in 18 months, has no rights to use the iconic logo
The new owner of Saab, National Electric Vehicle Sweden AB, announced plans to introduce its first electric vehicle based on the Saab 9-3. Production of the new Saab EV will start ...

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Caterham survival takes another step on Monday
Dec.21 (GMM/Inautonews.com) The future of ailing F1 team Caterham will be decided on Monday. The backmarker team as well as ...
2015 Ford Mondeo arrives in Romania – short test drive inside
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Ecclestone determined to change 2016 engine rules
Dec.20 (GMM/Inautonews.com) Bernie Ecclestone has confirmed reports he remains determined to shake up F1's engine rules. We reported that, at ...
De la Rosa leaves Ferrari, Vergne signs up
Dec.20 (GMM/Inautonews.com) Ferrari has confirmed speculation Pedro de la Rosa is vacating his test-driver post. It was rumoured the 43-year-old ...
2016 CT6 Cadillac gets streaming rearview technology
The streaming video rearview technology will expand the driver’s vision in the upcoming 2016 CT6, eliminating any rear seat, rear ...
US: Ally gets out of 6 years bailout
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Report – Volkswagen will meet its 2017 cost-cutting goal
Volkswagen CEO, Martin Winkerton, has said according to a source that the carmaker is on the right track to reach ...
GM’s bankrupt predecessor helps customers get the $10 billion compensation
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GM and Jaguar Land Rover stopped deliveries to Russia
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Ford closes Genk Plant in Belgium
With a production of around 14 million cars over the past 50 years, Ford shut the doors of its plant ...
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Toyota will invest $126M to expand powertrain operations
Toyota announced today that it will invest $126 million in the expansion of its powertrain operations in Ann Arbor and ...
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