Around the same time that Ake Jonsson stepped down as chief executive of Saab, the Swedish automaker announced its expansion into the Russian and Chinese markets – a vital move if Saab is to increase its global market share. But it's not just the cars that Saab and its parent company Spyker are interested in selling in these two giant markets. It's also looking to offload shares in an effort to raise much-needed capital.
Youngman Automotive Group
The Malaysian government has given the green light to national car maker Proton to begin "in-depth validation and testing" of electric cars. The announcement came after the Cabinet Committee on Inflation received a briefing on the role e-cars can have in reducing the consumption of petrol and diesel. Prime minister Datuk Seri Abdullah Ahmad Badawi, who seemed to be completely behind the idea, expressed hope that commercialization of the project could begin in a years time. As part of the announc
The product of the Zap-Lotus agreement, the Zap-X, a normal looking, electric, four door sedan, just might be "months" away from mass production. China.org.cn is reporting China's Youngman Automotive Group, the guys making the car for Zap, said they could deliver a test car to Zap by the end of this year and after testing by Zap, the sedan could go into mass production as little as two months later. Here is the quote: