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Official: Ford’s official Euro aftermarket partner Mountune coming to US

Filed under: Aftermarket, Performance, Ford

Now that we’re getting a steady stream of Ford’s European offerings, the aftermarket world is finally starting to catch up as well. UK-based aftermarket tuning company, Mountune has just announced that it will be setting up shop in California to provide high-performance and racing parts for Ford vehicles including the Focus ST and Fiesta ST.

Mountune lays claim to being Ford’s “official European tuning partner,” and US buyers will soon have access to these parts through Ford dealerships and with a Ford Racing warranty. Speaking of Ford Racing, Mountune also says that it will be working with Ford’s in-house team to develop future components for both street and track. There are no specifics as of yet for which products will be offered here, but the company plans to launch a US-specific website later this month with more information.

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Ford’s official Euro aftermarket partner Mountune coming to US originally appeared on Autoblog on Tue, 06 Aug 2013 16:30:00 EST. Please see our terms for use of feeds.

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Saab loses $107 million in Q1, looking for a Chinese partner

Filed under: China, Saab, Earnings/Financials

Automotive News reports that Saab lost $107 million during the first quarter of 2011. The automaker says that it is unlikely to meet its 2011 production target of 80,000 units, which is hardly news when considering that the automaker can’t even make vehicles right now. The automaker sold only 9,674 vehicles in the first quarter of this year.

Saab is still looking for funding to jump-start production, and the company is reportedly in talks with three Chinese automakers in hopes of finding a partner. Spyker CEO Victor Muller reportedly said in a statement that Saab is looking for alternatives for funding operations, including “discussions with Chinese car manufacturers.” Bloomberg reports that a deal could be made with one of the companies within the next few days.

[Source: Automotive News – sub. req.]

Saab loses $107 million in Q1, looking for a Chinese partner originally appeared on Autoblog on Fri, 29 Apr 2011 10:59:00 EST. Please see our terms for use of feeds.

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Reports: Volvo denies talk of Saab takeover,
Muller looking for partner in China

Filed under: Europe, Saab, Volvo, Earnings/Financials

It looks like Volvo and Saab won’t be teaming up to create one Swedish carmaker to rule them all. According to Reuters, Volvo has made it clear that the company has had no talks with Saab about buying the besieged automaker and that none are scheduled to take place. The Swedish newspaper De Telegraf had previously reported that the Swedish government was urging Volvo into talks with Saab about a potential takeover. The move would mean that a government loan previously granted to Saab by the European Investment Bank would have a greater chance of being repaid.

Saab has hit (further) rough waters in recent months with multiple supplier hiccups resulting in production stoppages including instances of the automaker being unable to pay for parts. In addition, sales fell well short of 2010 forecasts, resulting in a further cash crunch. The Swedish automaker has since performed a few economic stunts to get production rolling again, including selling the company’s properties and re-leasing them at a lower cost.

In related matters, Automotive News reports that Saab CEO Victor Muller is looking to broker a deal with a Chinese automaker to help finance the company, although it is understood that Beijing Automotive Industry Holding Co. is not one of those parties. BAIC, you may recall, purchased old Saab assets (the previous generation 9-3 model, among other things) back in 2009 for $200 million, and it also expressed interest in buying Saab from General Motors before Muller’s Spyker stepped in and completed the purchase.

[Sources: Reuters, Automotive News]

Reports: Volvo denies talk of Saab takeover,
Muller looking for partner in China originally appeared on Autoblog on Fri, 22 Apr 2011 13:59:00 EST. Please see our terms for use of feeds.

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Muller looking for partner in China”