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Almost 1 million cars made in UK this year
Thu, 21 Aug 2014CAR MANUFACTURING accelerated ahead last month, according to official figures. A total of 132,570 cars were made in the UK in July 2014 - a 2.8% rise on the figure for July 2013, the Society of Motor Manufacturers and Traders (SMMT) said. Last month's total took the year-to-date figure to 923,884 - a 3.4% increase on the total for the first seven months of last year.
Saab gets approval for voluntary reorganization on appeal
Wed, 21 Sep 2011...and Victor Muller smiles Victor Muller never says die, and the news that Saab has, after all, been granted the right to court protection from its creditors for a period of reorganisation has vindicated his stubborn refusal to give up on Saab. The Court of Appeal in Gothenburg has this morning overturned an earlier judgement by the District Court in Vänersborg which rejected Saab’s application to get the court’s protection during a period of ‘reorganisation’, which you can read as ‘Waiting for the dosh to arrive from China’. The news last week that Rachel Pang – a director of Pang Da, one of Saab’s putative investors – has come out in a very bullish way about the prospects for the investment by Pang Da and Youngman getting the final rubber stamp from China’s NDRC in Beijing won’t have harmed Saab’s case one bit.
Aston Martin recalls 75 percent of all cars built since 2007
Wed, 05 Feb 2014If you own a left-hand drive Aston Martin -- any left-hand drive Aston Martin -- built since November 2007, listen up: your car has just been recalled. Smug right-hand drive Aston Martin owners can rest easy, unless their car was built after May 2012; those cars are gonna need replacement parts, too. All in all, the recall impacts 17,590 cars, or roughly 75 percent of the automaker's run from the 2008 model year on, according to Reuters.