What a sexy bride! A year ago, GM acquired seven percent in moribund PSA. A year later, PSA announces truly horrific results. PSA’s global car sales dropped 16.5 percent for the year. Its market share in Europe is down 0.5 points to 12.7 percent. There is a big black hole where there used to be a profitable Iran business. (Read More…)
When we heard that Saab’s deal with the Chinese automaker Hawtai had fallen through, our initial reaction was a complete lack of surprise. My take was that Saab’s attempts to seek Chinese White Knight from the ranks of that country’s smaller automakers was doomed to fail, as the Chinese government has made it clear that it would like to see its auto industry consolidate. As with all things Chinese, however, I should have consulted more closely with Bertel before writing. Our man in China was quick to point out that the Beijing scuttlebut blamed Saab’s lack of intellectual property, rather than government consolidation rules, was to blame for the collapse of the Saab-Hawtai deal. And sure enough, Automotive News [sub] reports today that
Sweden’s Saab Automobile failed to secure investment from Hawtai Motor Group because of “commercial and economic realities,” not a lack of government approval
And, it turns out that’s the nice way of putting it…
Recent Comments
JeremyLawson - I have an 84 Rampage that’s been “Shelby-ized” with 87 Shelby bits and pieces.
28-Cars-Later - There’s a shop in SF doing LSx conversions in 98+ XJs and XKs.
APaGttH - Agreed – with one less player it may help the Commodore. As others have noted, the VE/VF platforms are sold today in China, the Middle...
haenschen - Two people have mentioned the water pump issue with its cheap plastic impeller blades, make that three. I loved the v6 in ours,...
bigtruckseriesreview @ Youtube - If it can’t come to mainstreet, then fine. But considering they started at $89,000, there’s no reason they...
sckid213 - +1 to those who said that this little platform could be fun. I had the cousin to the Contour/Mystique, a ’99 Cougar V6. First...
28-Cars-Later - “bench seats designed by someone only vaguely familiar with the human race” +1
golden2husky - True that. Even in the salt belt of Syberacuse NY, these resisted rust better thn my other car I saw.
Kyree S. Williams - I’m worried about the insurance costs on these aluminium cars. Because of aluminium’s sensitivity, they have to be repaired in special,...
golden2husky - Not a golden era for cars in general, but the 80s were awesome! I wish I could relive a few choice periods in my life and most would be from the...