Auto News

AutoGuide News Blog

The AutoGuide News Blog is your source for breaking stories from the auto industry. Delivering news immediately, the AutoGuide Blog is constantly updated with the latest information, photos and video from manufacturers, auto shows, the aftermarket and professional racing.
 |  Sep 27 2011, 3:45 PM

It was only a few months ago, when talks of an engagement between Aston Martin and Maybach was making headlines. This partnership would have seen the two uber-luxury brands sharing technology and platforms.

Now according to sources, the union has broken before it even started, citing money issues. If the deal had stayed intact, Aston Martin would have built the next generation models of the Maybach 57 and 62. In return, Aston Martin would have benefited from Mercedes-Benz‘s hybrid technology, the 4.6-liter twin-turbo V8 and platforms for the 2012 M-class and 2013 S-class.

Sources say Aston Martin wanted too much money to build cars for Maybach. Nothing is confirmed yet, but if this deal really does go sour, it might lead to an end for Maybach, which is currently owned by Mercedes-Benz. With no Maybach, one has to wonder, what car will any future, self-respecting hip-hop artist choose to hacksaw for the amusement of their fans?

[Source: World Car Fans]

 |  May 12 2011, 7:59 AM

Poor Saab, it just can’t seem to catch a break. After negotiations with several Chinese automakers, it appeared that a deal with Hawtai Motor Group had been reached. Now that deal has collapsed.

Saab parent, Spyker Cars, said that Hawtai was unable to obtain all the necessary consents, as a result; the arrangement has been terminated with immediate affect, though there still is the possibility the two companies might continue discussions, albeit on a non-exclusive basis.

In the meantime, Spyker and Saab will continue to work on finding short and medium-term funding, which includes more discussions with Chinese ‘partners.’  In addition, Saab is talking with the European Investment Bank to complete the 29 million Euro drawdown on the loan given to it , as well as getting approval to sell and lease Saab assets.

Spyker said that “as soon as the EIB drawdown or other equivalent funding is confirmed, Saab Automobiles plans to re-start production depending on the outcome of discussions with its suppliers.”  The saga continues.

[Source: Automotive News]