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Saab gets latest lifeline via $5 million infusion from Chinese company
Tue, 13 Dec 2011Saab has been on the edge of collapse since a cash shortage early this year forced it to halt production. Now Automotive News reports that a last-minute payment from China's Zhejiang Youngman Lotus Automobile has given the Swedish carmaker yet another shot. Youngman wants to get a stake in Saab and has taken the first step by giving the company $5 million to cover tax expenses, with another $26.43 million forthcoming for unpaid salaries and $13.18 million more before the end of December.
Nissan GT-R 2010 – Tokyo Catchup
Sun, 25 Oct 2009The 2010 Nissan GT-R at the Tokyo Motor Show Nissan brought along a 2010 GT-R to the Tokyo Show last week, so we thought we’d better update you with the changes they’ve made. Nothing too drastic, but tweaks none the less. Nissan has had a play with SatNav on the GT-R and installed a new HDD Carwings Nav system with some extra entertainment functionality.
Audi Q3 (2011) first official pictures
Tue, 12 Apr 2011This is Audi’s new Q3, a baby SUV that’s set to challenge the BMW X1, Range Rover Evoque and forthcoming Mini Paceman, as well pinching potential Ford Kuga customers. It’s Audi’s smallest Q series 4x4 yet, sitting below the Q5 and Q7. The new Audi Q3 will be officially unveiled at the 2011 Shanghai show next week.