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Saab secures more funds as it seeks to avert collapse
Mon, 27 Jun 2011Saab parent Swedish Automobiles has found another financial lifeline in China as the struggling carmaker faces possible legal action from unions over unpaid wages. In a statement this morning, Swedish Automobiles announced that an un-named Chinese firm has placed an order for 582 Saab vehicles, valued at 13 million Euro (£11.5m) with full pre-payment 'expected to be made this week'. Saab plans to use the funds to pay wages and begin partial payments to component suppliers in order to restart production. Saab's financial crisis: the current situation.
BMW M4 gets noisy (2013): listen to the new M4’s turbo straight-six here
Tue, 13 Aug 2013With the unveiling of the new BMW M4 imminent, BMW’s excitement has got the better of it with the M Division releasing a video showing featuring the new M4’s engine note. The video might be called ‘BMW M is preparing something new’, but the engine isn’t really a fresh design. It’s actually a tweaked, twin-turbo version of the 435i’s 3.0-litre straight-six, making this the first M Division 3-series derivative to use forced induction.
Mitsubishi Outlander PHEV Concept-S at 2014 Paris motor show
Tue, 02 Sep 2014By Tim Pollard First Official Pictures 02 September 2014 13:42 This is the first - somewhat restricted - look at the new 2014 Mitsubishi Outlander PHEV Concept-S, due to be unveiled at this autumn’s Paris motor show. It’s a smarter adaptation of the existing Outlander plug-in hybrid road car. Mitsubishi describes it thus: ‘The Outlander PHEV Concept-S is a concept model MMC proposes as a special package of the Outlander PHEV production model that has a refined interior and exterior design that magnifies the Outlander PHEV’s unique driving experience.’ Not a huge amount to go on then.