China's Geely, Owner of Volvo, Denies Interest in Buying Saab

Saab is in a crisis indeed. One day it is rescued, and the next it is on the brink of destruction. And this has been happening over and over again, like an automotive version of The Groundhog Day.

Yesterday we reported that Saab has not yet received the funds promised by Pang Da and Youngman as a bridge loan to keep the Swedish carmaker in business until the deal is approved by Chinese authorities.

Today, Swedish newspaper Dagens Nyheter published an article claiming that another Chinese automaker, Geely Automobile, which bought Volvo from Ford in 2010, is interested in acquiring Saab as well.

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Volvo to Shut Down Plant that Builds C70 Convertible in 2013

Volvo's automotive division has announced that it will close its Uddevalla plant in Sweden in 2013 once it takes sole ownership of the factory. “The low volumes in the Uddevalla plant do not justify continued production”, said Volvo CEO, Stefan Jacoby.

The Uddevalla factory is currently run by Volvo and Pininfarina under a joint-venture agreement that was established in 2005 for the production of the C70 hardtop-convertible. The plant employs 600 workers and in 2010, production reached 10,000 units, which represents only 65% of its full capacity.

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Volvo Says Dankeschön to Germans for Ranking the Brand First in Customer Satisfaction

We'll have to wait and see if and when an American carmaker will provide an appropriate answer to Audi's new A6 commercial, but meanwhile here's a fresh and rather witty TV spot from Volvo that thanks German drivers for making the Swedish company the number 1 brand for customer satisfaction in Germany.

Cleverly, the Swedes also say Dankeschön (thank you in German) to the country's car manufacturers such as Audi, BMW, Opel, Mercedes, Volkswagen and Porsche for their...participation, and all this under the beautiful sounds of Bert Kaempfert's famous tune, "Danke Schoen".

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IAA 2011: Concept You Previews Volvo’s Next Large Sedan

True to its word, Volvo hosted the world premiere of its new concept model at the Frankfurt Motor Show. The oddly named Concept You was created not only to give us a glimpse of the Swedish firm's evolving design DNA and showcase its new platform architecture, but it also hints at Volvo's next generation large sedan. Read more »

Frankfurt Motor Show Premiere for Heico Sportiv’s Customized Volvo V60

Renowned Volvo tuner Heico Sportiv is heading to the 64th International Auto Show in Frankfurt with a specially modified V60 featuring a customized interior, exterior goods and performance upgrades. Read more »