Spyker Cars Says Saab won’t Meet its Sales Target this Year, Now Talking with Chinese Companies for Funding

The roller coaster that is Saab has taken another turn, and unfortunately for the Swedish brand, the future doesn’t look so bright. In spite of a tentative agreement to let Russian banker Vladimir Antonov invest 30 million euros in Saab’s parent company Spyker in return for a 29.9 percent stake, the investment still needs to be approved by the European Investment Bank, which means the Swedes are

VIDEO: Geely’s McCar Bundles Four Seats and a Scooter in a Mini Package

At the 2011 Shanghai Auto Show, Chinese automaker Geely displayed an interesting concept car called McCar, whose funny name reportedly stands for “Magic car” and “Motorcycle Car” , and has nothing to do with the famous chain of fast-food restaurants – unless you take into consideration the fact that there is a folding electric scooter sandwiched between the rear seats of the car… Read more »

Geely Drops Five New Models and One Concept Car at Shanghai Auto Show 2011

This past week saw many new production and concept cars making their world premiere at the increasingly important from a global point view, Shanghai Auto 2011. One of the most prominent brands of the show is Geely Auto, the Chinese automaker and owner of Volvo Cars, which displayed 37 vehicles along with its latest R&D achievements. Headlining the Chinese automaker’s presence at the show is a