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Panoz confirms new Abruzzi road car
Mon, 03 May 2010The recurring rumor is now put to rest. Don Panoz, founder of Panoz Auto Development and the American Le Mans Series, said on Monday that the latest Panoz sports car--the Abruzzi “Spirit of Le Mans”--will be formally unveiled in June in France, in the lead-up to the 24 Hours of Le Mans. “We wanted to wait until Le Mans to release official photos of the car, but today we are providing a ‘teaser’ image of the Abruzzi ‘Spirit of Le Mans’ that hints at what the final car will be like,” Panoz said.
BMW Concept5 X5 eDrive revealed. It’s a plug-in Hybrid X5
Thu, 22 Aug 2013The BMW Concept5 X5 eDrive (pictured) will debut at Frankfurt The arrival of the BMW Concept X5 eDrive ahead of its debut at Frankfurt next month doesn’t preview and immediate addition to the X5 range of a plug-in hybrid, but it does show what will be on offer in a year or two. Just like yesterday’s Mercedes S500 plug-in hybrid, the X5 eDrive is another example of how car makers have developed their way round CO2 taxation levels by throwing electric motors at ICE engines to create a car that offers impressive emissions and economy on official tests. In the case of the X5 eDrive that means a four-cylinder twin power ICE engine (BMW aren’t saying, but we’re assuming its a petrol engine), a 94bhp electric motor and a lithium-ion battery under the boot all working together to produce an X5 that is capable (at least in official tests, which is all that matters) of 74.3mpg and emissions under 90g/km.
Saab seeks court protection from creditors
Wed, 07 Sep 2011Saab is filing for protection from creditors from a Swedish district court, the automaker's owner, Swedish Automobile, said Wednesday. Saab is seeking court approval for a voluntary reorganization to secure short-term stability while it waits for funding from Chinese investors Pang Da and Zhejiang Youngman, Swedish Automobile said in a statement. Victor Muller, CEO of both Saab and Swedish Automobile, said in a statement: "We have concluded that a voluntary reorganization process will provide us with the necessary time, protection and stabilization of the business, allowing salary payments to be made, short-term funding to be obtained and an orderly restart of production to be prepared." Muller remains optimistic about Saab's future.