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Saab is sold again: two Chinese makers buy Saab
Fri, 28 Oct 2011Chinese car makers Pang Da and Youngman today agreed to buy Saab in its entirety from Swedish Automobile. It's the latest extraordinary twist in the saga of Saab, which has been technically bankrupt since September 2011 and built just 11,000 cars this year. The deal, which will see the Chinese car makers pay €100 million for Saab, has not yet however been signed and sealed.
Porsche is developing a new four-cylinder engine set to power entry-level model
Mon, 05 Sep 2011High-ranking officials at Porsche's Weissach research and development center in Germany have confirmed that engineering work is progressing on a four-cylinder horizontally opposed gasoline engine, details of which were first revealed by Autoweek earlier this year. The new boxer unit--which is earmarked to power a new mid-engine, entry-level model that insiders describe as a spiritual successor to the iconic 550 Spyder--looks set to become an integral part of Porsche's future model plans. Insiders suggest it will also be offered on the third-generation Boxster and the second-generation Cayman later on in their respective model cycles.
Lord Sugar leads roadworks campaign
Wed, 09 Oct 2013THE GOVERNMENT is to look at the better coordination of roadworks by utility companies after complaints by peers. Labour's Lord Sugar led the call for action at question time in the Lords with support from Tory former chancellor Lord Lamont of Lerwick. Lord Sugar, star of BBC television's The Apprentice show, urged "commonsense coordination" between the gas, electricity, water and telecoms companies.