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The Saab Saga – now it’s a share sale to raise cash
Thu, 04 Aug 2011Saab Saab sell shares to GEM Global We’re not really sure we see how on earth the announcement from Saab that they are selling shares to raise funds is going to work. But we’ll report it anyway. The information we have is that Swedish Automobile is going to issue shares to help pay the outstanding bills it has, and to meet unpaid salaries for white collar workers.
GM expands brake-override safety feature
Mon, 05 Apr 2010General Motors is significantly expanding the use of a brake-override safety feature in its cars through the end of 2012. GM announced on Monday that it will add the software, which it also calls “enhanced smart-pedal technology,” in all of its passenger cars with automatic transmissions and electronic throttle control. The change will reduce power to the engine when both the throttle and brakes are pressed at the same time.
Future products: Coupe in Subaru's pipeline will be an image booster
Fri, 10 Sep 2010Subaru plans to extend its lineup in late 2011 or early 2012 by adding a sporty coupe developed with Toyota. Also, an Impreza hybrid that uses technology from Toyota is expected in 2012. Toyota now owns about 17 percent of Subaru.