National Electric Vehicle Sweden, the new owner of Saab, may speed up the brand's relaunch by offering a gasoline-powered 9-3 in 2013 rather than re-starting the brand in 2014 with an EV, a company spokesman said on Tuesday.
Italian supplier Magneti Marelli plans to build its second exhaust systems plant in China. The new facility, to be built in Hefei in east China's Anhui province, will be a joint venture between Magneti Marelli, Hefei-based Chinese automaker Jianghuai Automobile Co.
Fiat shares have tumbled because investors fear the Italian carmaker will need to raise fresh cash to finance CEO Sergio Marchionne's plans to combine with Chrysler Group LLC. Increasing its stake in Chrysler would help Fiat access the cash flow of the U.S.