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[extract] We all know that Saab has filed for bankruptcy and the future of the Swedish automaker is uncertain. Swedish laws allow a bankrupt company to come out of bankruptcy if someone or some company injects the necessary amount of money in order to save it. There were reports that the Turkish government might be interested in the Swedish company. And at the same time, Chinese company Youngman has acquired Saab

[extract] Taking over Jaguar and Land Rover from Ford has actually made TaTa Motors very profitable. From April to June of 2010, 2nd quarter sales Tata had posted a net profit of US$430million. From this figure, Jaguar-Land Rover sales have contributed to US$348million. Tata

Tata Motors' Nano city car is once again making headlines in India for all the wrong reasons. Following three incidents in 2009 whereby owners of the Nano in Ahmedabad, Lucknow and Delhi reported seeing smoke and flames coming out of their vehicles' dashboard, another Nano caught fire. However, the situation has turned for the worse this time and Tata's much-vaunted 'world's cheapest car' literally went up in flames. According to Indian news sites, the particular Nano was owned by insurance agent Satish Sawant who had just bought the car from a dealership in Prabhadevi, Mumbai. About forty-five minutes into the drive the car burst into flames. Luckily, both Sawant and the driver managed to escape unhurt. "I have no idea what happened. A motorcycle rider overtook me and told me that the vehicle was on fire. The engine was behind me and I did not realize that the car was on fire," Sawant told reporters. Since the incident is currently under investigation, it is not clear if Sawant's car suffered from a similar problem as the three aforementioned Nanos (electrical glitches) or if this is a new issue that Tata has to address. Either way, if Nanos keep bursting up, Tata could end up with a scorching problem in its hands. Most of us Singaporeans like things that are cheap and good. Take the above case as a lesson and don't risk your life in the process of saving A 'pre-burnt' Nano