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UK drivers disinterested in electric cars
Wed, 02 Jul 2014DRIVERS in the UK are not interested in electric cars, with only 5% stating they would think about buying one, according to new research. A further 14% of drivers say they have considered an electric car but rejected and bought a petrol, diesel or hybrid car instead. More than half (56%) of British drivers said they had not even thought about an electric car as a possible replacement for their existing vehicle.
Fuji Heavy Industries celebrates 60th birthday
Fri, 19 Jul 2013Fuji Heavy Industries, the corporate parent of Subaru, celebrated its 60th birthday a few days ago. The storied multinational company makes everything from wind turbines to airplane parts, and conducts business in more than a hundred countries. Even though the origins of the company date back to 1917, the Fuji Heavy Industries we know today was formed in 1953.
Saab: China’s Pang Da & Youngman to invest $7.5 billion. UPDATED
Mon, 31 Oct 2011Saab: China to invest $7.5 billion Update: We have now been told by Saab that Pang Da and Youngman are to provide €50 million immediately and €600 million for short to medium finance. Funding for the revised business plan and provide long-term financial stability the new Chinese owners have also budgeted funding for the planned expansion of Saab Automobile’s portfolio and additional operations to be set up in China There will be a reduction of 500 in the employee numbers. Sales targets for 2012 of 35-55,000 cars and 2013 of 75-85,00 and long-term of 200,000 cars a year Interestingly, Saab says that ‘Saab Automobile has not received the funds from Pang Da and Youngman that have been committed for today.’ Oh, well. Although the deal which will see Saab sold to China’s Youngman and Pang Da is still subject to a raft of approvals – Swedish Debt Office, EIB, GM, Chinese Government… – it seems the Chinese have big plans to invest up to $7.5 billion in Saab in the coming years.