Spyker Cars Says Saab won�t Meet its Sales Target this Year, Now Talking with Chinese Companies for Funding

The roller coaster that is Saab has taken another turn, and unfortunately for the Swedish brand, the future doesn�t look so bright. In spite of a tentative agreement to let Russian banker Vladimir Antonov invest 30 million euros in Saab�s parent company Spyker in return for a 29.9 percent stake, the investment still needs to be approved by the European Investment Bank, which means the Swedes are still short on cash and cannot resume full production.

Today, Spyker reported a loss of �79 million before interest and tax for its first quarter earnings, while the company�s CEO, Victor Muller, said that Saab will not meet its sales target this year.

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VIDEO: Geely�s McCar Bundles Four Seats and a Scooter in a Mini Package

At the 2011 Shanghai Auto Show, Chinese automaker Geely displayed an interesting concept car called McCar, whose funny name reportedly stands for �Magic car� and �Motorcycle Car� , and has nothing to do with the famous chain of fast-food restaurants � unless you take into consideration the fact that there is a folding electric scooter sandwiched between the rear seats of the car� Read more �

Geely Drops Five New Models and One Concept Car at Shanghai Auto Show 2011

This past week saw many new production and concept cars making their world premiere at the increasingly important from a global point view, Shanghai Auto 2011. One of the most prominent brands of the show is Geely Auto, the Chinese automaker and owner of Volvo Cars, which displayed 37 vehicles along with its latest R&D achievements.

Headlining the Chinese automaker�s presence at the show is a hybrid concept vehicle called the McCAR and five new models that the company says will soon enter production and include the Gleagle GC6, Gleagle GX6, Gleagle GS-CC Coupe, Emgrand EC6-RV and Englon SC7-RV. Head over the jump for more details and photos.

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China Duplicate MINI Cars

There have been many who proclaim that there is no doubt the expertise of Chinese manufacturers who can imitate a car design. There seems to be a car they could not duplicate the design. Consider just Geely cars Emgrand EC6-RV, so precise with the output of the BMW MINI.As reported by China Car Times, Thursday (14/04/2011), this car will be exhibited at the Shanghai New International Expo Center

SPESIFIKASI MPV Geely

SPESIFIKASI MPV GeelyChina carmaker Geely will present the family car or MPV variant in the years ahead. Geely to make sure cars are cheaper than a million people of Toyota Avanza.Placement of low prices of course taken Geely to its MPV's MPV market is more competitive in the homeland. Geely own new MPV will be releasing it early in 2011."The price will be below the price of the Toyota Avanza, in

IG Geely Akan Saingi Tata Nano Mobil Termurah di Dunia

Chinese car, Geely, which plans to unseating Tata Nano as the world's cheapest car with a hatchback based on the historical event itself IG during the Beijing Motor Show recently concluded.With an expected price somewhere around � 1.800 - $ 2.700 - IG will replace the Nano, which retails for � 2.500 ($ 3.800) and is currently the world's cheapest car.Although this car is relatively poor price tag

Geely NL SUV

In the 2008 Beijing Motor Show, Geely will debut its 23 new production models and concepts.

The model among of them is the Geely NL SUV which is a compact crossover. Other models include the new King Kong hatchback, HE minivan, GE SUV and the FC-1, FC-2 and FC-3 sedan lineup. One more image after the jump.

It is also expected Geely will showcase hybrid and fuel-cell models.