SWEDEN: Debt Office to sit on first Saab Parts board meeting tomorrow
Sweden’s National Debt Office (SNDO) is to sit on the board of Saab Automobile Parts for the first time tomorrow (1 February) as the State looks to secure its loan guarantee repayment.
AUSTRALIA: MG heads back Down Under – from China
Right hand drive MG6 sedans and hatchbacks made by Shanghai Automotive in China are being launched in South Africa, New Zealand and probably Australia.
FRANCE: PSA may put India plan on hold
PSA Peugeot Citroen said it may delay its planned EUR650m (US$850m) plant investment in India, adding only that it is “reviewing the investment calendar”.
CHINA: SAIC sales outperform the market
SAIC has forecast a rise of more than 40% in 2011 net income because of high demand for German and American marques made at its Shanghai joint venture factories.