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Spyker attempting to sell Saab real estate in money-raising move
Tue, 12 Apr 2011The next chapter in the Saab cash crunch appears to involve Spyker selling Saab real estate to an unnamed financial institution, with the automaker leasing the property back for its operations. Saab has been forced to shut down production twice in the past few weeks in the wake of unpaid supplier bills, raising concerns that Dutch owner Spyker may be facing a liquidity crunch. The latest move is likely aimed at freeing capital for the automotive operations while the company negotiates for a loan with the help of the Swedish government.
Ford previews new Vignale sub-brand before Frankfurt motor show reveal
Wed, 04 Sep 2013Ford is creating a new sub-brand for the European market, even though the top-of-the-line "Titanium X" trimmed cars are strong sellers already. The name of this sub-brand will be one that most of you have heard, perhaps not associated with the Blue Oval: Vignale. Ford has made it clear that none of the Vignale models will be sold in the U.S..
Toyota Urban Cruiser hits the UK
Fri, 15 May 2009The Toyota Urban Cruiser hits UK Car Showrooms today [ad#ad-1] Toyota’s baby 4×4 – The Toyota Urban Cruiser – hits UK showrooms today after being unveiled at the Paris Motor Show last year. Looking like a Toyota Land Cruiser that’s been through a boil wash, the Urban Cruiser is designed to take sales from buyers of super minis looking for something a bit different. It’s also looking to take sales from drivers of conventional sized 4x4s who love the high driving position, but are looking for something a little more economical in the current climate.