China’s Beijing Auto to assist Koenigsegg with SAAB purchase
September 10, 2009 by Matt Brogan
Filed under Car News, China, Ford, Industry, Koenigsegg, Saab, Volvo
As we reported last week Koenigsegg will not seek additional Swedish government funding in its purchase of SAAB from General Motors, however, according to a report published by Reuters Newsagency today, China’s Beijing Automotive Industry Holdings Company will take a minority stake in Koenigsegg to further assist the group with its purchase.
It’s the second such [...]
Chrysler, Nissan end joint ventures
The shake-out from Italian carmaker Fiat taking control of US carmaker Chrysler continues with the company announcing today that it has ended its plans to jointly produce vehicles with Japan’s Nissan, including a world car and a version of the Nissan Tiida.
Fiat now plans to supply Chrysler with European designed and engineered small cars to [...]
More Porsches, Suzuki tie-up; says VW boss
Volkswagen is looking at three new models for the Porsche line up to bolster sales for the German sports car maker and is interested in a small car tie-up with Japanese carmaker, Suzuki, according to the company’s Chief Executive Officer, Martin Winterkorn.
Reuters Newsagency quotes an interview Dr Winterkorn, above, gave to the German business publication [...]
