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General Motors and Koenigsegg Group AB Reach Tentative Agreement on Saab

Green Car Congress

General Motors Corp. and Koenigsegg Group AB, a consortium led by Koenigsegg Automotive AB, confirmed the details of a memorandum of understanding for the purchase of Saab Automobile AB. Koenigsegg is a Sweden-based manufacturer of super sports cars, including the flex-fuel, E85-optimized Koenigsegg CCXR Edition.

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Italian Government Upset Alfa Romeo ‘Milano’ Will Be Built in Poland

The Truth About Cars

While I cannot pretend to understand Italian law, the nation has a long history of interesting sports cars and has more than earned the right of being proud of its automotive heritage. However, the country also allowed Fiat Chrysler Automobiles to be sold to the French, resulting in Stellantis. Estimated to start at the U.S.

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China’s GAC Debuts Ammonia-Powered Car Engine

The Truth About Cars

Meanwhile, China’s state-owned Guangzhou Automobile Group Company (GAC) has announced it had developed an engine powered by ammonia with help from Toyota Motor Corporation during its annual technology showcase. Production methods are relatively energy intensive. after overtaking General Motors Co.’s and Tesla Inc.,

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National Electric Vehicle Sweden AB acquires assets of Saab Automobile to create new EV company; first model based on 9-3 due year-end 2013/2014

Green Car Congress

National Electric Vehicle Sweden AB (NEVS)—an international consortium formed by Chinese, Japanese and Swedish stakeholders—and the Receivers of the Saab Automobile bankruptcy estate ( earlier post) signed a purchase agreement covering the main assets of Saab Automobile AB, Saab Automobile Powertrain AB and Saab Automobile Tools AB.

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Study: EVs cannot succeed without developing parallel supercharging networks

Green Car Congress

Electric vehicles cannot succeed without developing a nationwide network of fast-charging networks in parallel with the cars. Current EV business models are doomed unless manufacturers that have bet their futures on them, such as General Motors and VW, invest in or coordinate on a robust supercharger network.

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Lotus Posts $750 Million Loss for 2023 While Also Setting Sales Record

The Truth About Cars

Though getting that vehicle, and other upcoming electric models, into production are one of the primary reasons for its crash burn. Despite corners of the world asserting forthcoming bans on combustion vehicles, EVs remain niche products catering to a very specific clientele. The brand has long struggled to remain profitable.

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More auto plant shutdowns for COVID-19

Green Car Congress

Joining BMW, Ford and FCA in suspension of production in the US due to COVID-19 ( earlier post ) are: Toyota is temporarily suspending production at all of its automobile and components plants in North America, including Canada, Mexico and the US, through 3 April. Tesla will suspend production at its Fremont plant on 23 March.

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