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United States, United States, US
Wheels for Sale
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Fisker, Energy Department face tough Congressional hearing on federal loans
Thu, 25 Apr 2013Struggling Fisker Automotive took a bludgeoning Wednesday on Capitol Hill from top congressional Republicans who compared Fisker to failed automotive startups of the past and lambasted the Department of Energy for allowing the electric-car producer to draw down nearly $200 million in taxpayer-funded loans. House Oversight Chairman Darrell Issa, R-Calif., told Fisker founder Henrik Fisker that he will be remembered fondly for his design work for BMW and Aston Martin. But he compared Fisker to Malcolm Bricklin, John DeLorean and Preston Tucker -- three entrepreneurs known for their failed startup car companies.
Saab gets a ray of hope from China
Sun, 11 Sep 2011Victor Muller sees a glimpse of sunshine from China The saga that is the long and painful demise of Saab seemed to reach its nadir last week when courts in Sweden refused to offer the beleaguered car maker sanctuary in its protection. We thought that would be the end for Saab – despite a never-say-die appeal of the decision by Victor Muller, due to be heard tomorrow – with nowhere left to hide from trade supplier debts of €150 million, and the wrath of Sweden’s unions ready to file for Saab’s bankruptcy over unpaid wages for Saab employees. The nadir for Saab should reasonably be followed by its rapid consignment to the annuls of motoring history, but a tiny glimmer of hope has risen from Saab’s putative investors in China.
Chrysler launches Autorama High School Design Competition for Michigan students
Tue, 15 Oct 2013Michigan high school students with dreams of being a car designer have the chance to win themselves prizes and courses at the College of Creative Studies with the launch of a new competition from Chrysler. The Autorama High School Design Competition 2014, which is open to high school students currently attending a Michigan public school, asks entrants to ‘design a vehicle that satisfies the needs of young consumers while remaining eco-friendly'. Students are recommended to draw inspiration from any of the Chrysler Group brands: Chrysler, Dodge, Jeep, Ram Truck, Fiat or SRT (Street and Racing Technology).