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. [...]
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GM enters electric car joint venture with Chinese automaker
admin 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
admin 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
admin 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 [...]
How to Select Japanese Car Exporter?
admin 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 [...]



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