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Chrysler bankruptcy filing said to be part of plan to seal Fiat deal
Wed, 29 Apr 2009Chrysler LLC and Fiat S.p.A. are prepared to complete an alliance by Thursday that would be taken into bankruptcy court as a key element of the U.S. automaker's restructuring plan if needed, a person with direct knowledge of the situation said.
Only the top is soft in new Audi A5/S5 cabriolet
Mon, 02 Mar 2009Audi is bucking the trend among luxury automakers who are churning out hardtop convertibles, as the new A5/S5 cabriolets that will reach these shores in October will be the old-fashioned, soft-top design. While other manufacturers such as BMW, Mercedes-Benz, Lexus and Volvo, among others, offer folding hard-tops, Audi says the compromise necessary to make room for the top and all its mechanical apparatus makes a soft-top the right choice for a small to mid-size convertible. The soft top is well insulated; even during a steady rain during our first drive of the car, the cabin was relatively quiet.
Saab gets small payment from Youngman after yesterday’s ‘misunderstanding’
Thu, 13 Oct 2011Saab gets a small payment from Youngman What on earth are we going to do once the Saab Saga is resolved? The machinations and misunderstandings surrounding Victor Muller’s increasingly desperate quest to keep Saab alive has probably provided more stories than almost anything else this year. Yesterday’s Saab episode surrounded Pangda Chairman Pang Qinghua stating that the Saab deal was no longer valid since Saab went in to court protection in Sweden, raising the prospect of one of Saab’s creditors pushing the bankruptcy button rather swiftly.