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Merbanco, Renco, Beijing Auto Said to Make Approaches About GM's Saab Unit Beijing Automotive Industry Holding Co., Merbanco Inc. and Renco Group Inc. have made approaches about General Motors Co.’s Saab unit after a sale to Koenigsegg Group collapsed, two people familiar with the situation said.

GM's Saab Asks Sweden to Relax Terms of Rescue Funding, Union Leader Says Saab Automobile, offered for sale by General Motors Co., asked Sweden’s government to relax the rules of state rescue loans and provide funding, a union chief said.

AvtoVAZ to Get $1.7 Billion From Russia in Technology Accord With Renault Russia pledged to inject 50 billion rubles ($1.7 billion) into OAO AvtoVAZ in return for technology from 25 percent shareholder Renault SA.

MAN's Finance Chief Hornung Resigns After CEO Quits Amid Corruption Probe MAN SE, the German truckmaker whose chief executive officer resigned this week, said Chief Financial Officer Karlheinz Hornung will also step down.

EU Bans Congo, Djibouti, Sao Tome Airlines, Eases Curbs on Angola's TAAG The European Union prohibited all airlines based in the African nations of Djibouti, the Republic of Congo and Sao Tome and Principe from flying in the bloc while further easing curbs on TAAG Angola Airlines under the latest changes to a list of unsafe carriers.

Volvo Will Retain Ownership of Technology After Takeover, Geely Group Says Geely Holding Group Co., the Chinese carmaker in talks to buy Volvo Car Corp., said the Swedish company would retain ownership of technology following a sale by Ford Motor Co.

Tata Motors Turns to Profit on Expense Reductions at Jaguar Land Rover Tata Motors Ltd., the Indian truckmaker that owns Jaguar Land Rover, turned to a profit in the second quarter after it cut costs at the luxury car unit and earned returns from investments in group companies.

GM Payment From Germany Fund Would Be a `Farce,' Government Adviser Says General Motors Co. doesn’t qualify for aid under the so-called Germany Fund and it would be a “farce” if the carmaker were granted the assistance to help restructure the Opel division, a German government adviser said.

Toyota Expects China Sales to Increase 14% Next Year Helped by New Models Toyota Motor Corp., Japan’s biggest carmaker, expects sales in China to rise 14 percent next year as it introduces new models in the world’s fastest-growing major automobile market.

Bombardier to Reduce CRJ Aircraft Production, Will Cut 715 Montreal Jobs Bombardier Inc., the world’s third- largest maker of commercial aircraft, said it will slow production of its CRJ model and cut 715 jobs because of weak demand for the regional passenger jet.