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Saab strikes deal with BMW for 9-3, 9-1 engines

The new 2012 Saab 9-3 is set to be the first Saab powered by BMW By Tim Pollard Motor Industry 29 September 2010 07:43 Minnow Saab has struck a deal with BMW, one of the world's largest premium car makers, to supply powertrains for future models, including the next 9-3 and proposed 9-1 supermini. Munich will provide Saab with four-cylinder petrol 1.6 turbo engines from 2012 and the full suite of Efficient Dynamics tech will be included. The deal is being signed today by Ian Robertson, marketing board member of BMW AG, and the CEO of Saab Automobile, Jan Åke Jonsson, in Trollhättan.How can Saab afford to buy BMW engines?No financial or volume details have been announced yet.

Report: Chevrolet Cruze, Toyota Corolla lowest lease payments in May

The Chevrolet Cruze and Toyota Corolla sedans offered the lowest average monthly lease payments in May, according to records by Swapalease.com. On average, Chevy Cruze lessees paid just $214 per month, while average Toyota Corolla lessees paid $234. Records show the cheapest alternative fuel vehicle's lease is the Chevrolet Volt at $315.

Mercedes S63 and S65 AMG debut at Shanghai

Mercedes revealed the S63 and S65 AMG (pictured) at the Shanghai Motor Show today In yet another demonstration of how important emerging car markets are to premium car makers, Mercedes has chosen to unveil its top two S Class models – the Mercedes S63 AMG and the Mercedes S65 AMG - at the Shanghai Motor Show today. These range-topping S Class Mercedes get the same updates as the lesser siblings (and the Hybrid S400) we told you about a week ago. But this isn’t a new model – just a mid-cycle refresh of the S Class in general.