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Is Jaguar Land Rover about to get in to bed with Chery Automobile in China?

Jaguar Land Rover to partner with Chery Automobile Following on from yesterday’s report that Jaguar are upping the ante in India with plans to assemble the Jaguar XF and Range Rover Evoque in Tata’s back garden, we now hear that JLR has agreed a deal with Chery Automotive in China for a joint venture. We reported back in February that sources in China were saying that the most likely partner for Jaguar Land Rover would be Chery Automobile, and reports from China Daily say that things have moved on since February and JLR and Chery have now got as far as seeking government approval for a joint venture. When we had the news back in February about a possible JLR/Chery deal, we asked Jaguar about the reports.

Spyker attempting to sell Saab real estate in money-raising move

The next chapter in the Saab cash crunch appears to involve Spyker selling Saab real estate to an unnamed financial institution, with the automaker leasing the property back for its operations. Saab has been forced to shut down production twice in the past few weeks in the wake of unpaid supplier bills, raising concerns that Dutch owner Spyker may be facing a liquidity crunch. The latest move is likely aimed at freeing capital for the automotive operations while the company negotiates for a loan with the help of the Swedish government.

EU cuts Co2 Targets to help Euro car makers

In an astonishing outbreak of common sense, EU negotiators last night agreed a deal to ease the draconian Co2 targets for EU car manufacturers. Originally, EU car makers had to meet the new regulations by 2012, but have now won a concession to hit 65% of target by 2012, 75% by 2013, 80% by 2014 and 100% by 2015. This scaling back of the targets was achieved after Germany objected to the original proposals.