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Chinese companies buying automaker Saab

Linda Young – AHN News Writer Stockholm, Sweden (AHN) – Struggling automotive icon Saab will change hands again in a proposed deal to save it from bankruptcy by selling it to two Chinese companies. Swedish Automotive will sell its Saab unit to Chinese distributor Pang Da Automobile Trade and auto manufacturer Zhejiang Youngman Lotus Automobile. [...]

GM enters electric car joint venture with Chinese automaker

Vittorio Hernandez – AHN News Detroit, MI, United States (AHN) – General Motors announced on Tuesday that it has entered into a joint venture with a Chinese automaker to develop electric cars. The deal also involves transfer of battery and other electric vehicle technology. The 50-50 joint venture is between GM and Shanghai Automotive Industry [...]

GM, LG team up to create future electric vehicles

Jupiter Kalambakal – AHN News Reporter Detroit, MI, United States (AHN) – U.S. automaker General Motors Co. and top Korean battery manufacturer LG Corp. have entered into a partnership to design and create future electric vehicles. The strategic partnership came after LG supplied GM the lithium-ion batteries for its Chevrolet Volt and Opel Ampera. Many [...]

US Treasury announces Fiat will buy its remaining shares of Chrysler for $500m

Linda Young – AHN News Writer Washington, D.C., United States (AHN) – US Treasury officials confirmed plans to sell its remaining 6 percent share of US automaker Chrysler Group LLC to Italian automaker Fiat for $500 million, which represents about 98,461 shares of stock. The sale will give Fiat a majority 52 percent share of [...]

Avoid Getting Tricked When Buying a Used Vehicle

Buying a used car can be risky as you can never be a 100 % sure that the car’s history really is what is presented to you. There are several pitfalls to buying a used car – most notably that someone has tampered with the vehicle or its documentation to defraud potential buyers. Most cars [...]

Finding a Trust Worthy Used Car Dealer

Buying a used car can be a daunting process, I have heard of so many stories of buyers being ripped off by car traders. Most of the people I asked would rather buy a car from a private seller or a franchised dealership. Used car garages do unfortunately receive a lot of bad press; they [...]

Used Car List Vehicle Find Best Quality Used Car Online in Affordable Car Price & Deal

Car is very important element in our lifestyle. It is very precious part of our daily life. Most of the people dream about their own brand new car. They want a stylish and latest model of the car. But it is not possible for everyone to buy a new brand car because the car is [...]

How to Select Japanese Car Exporter?

Japanese car exporter has emerged as the most reliable source for availing quality cars from Japan. With long years of experience and dedicated service, these exporters are regarded as the most trustworthy exporters all over the world. Acclaimed and applauded for genuine and technology integrated cars they state their effectual services to the clients of [...]

Chrysler restructures debt deal

The US carmaker has shifted $1bn from loans to bonds, trimming its institutional loans to $2.5bn from $3.5bn and increasing its junk bond sale from $2.5bn to $3.5bn View full post on All Stories

Buying Used Car Online

Buying cars for sale isn’t exactly the most pleasurable experience. Earlier you had to visit a lot of dealers, look at a lot of cars, deal with hard selling salesmen and car dealers and seek proper information before you decided on a price. Imagine having to do this with five or six vehicles which is [...]