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SkyTran to trial maglev two-seater transport system in Israel
Wed, 25 Jun 2014California-based skyTran has signed an agreement with Israel Aerospace Industries (IAI) to build a test version of its patented maglev transport network. The 500 meter-long demonstrator will begin operation late next year, and is designed to prove the system's potential for reducing road congestion by lifting passengers above the highway, into space that's not currently utilized. The skyTran system is a network of computer-controlled, two-person vehicles that use maglev technology. Users will request one of the system's two-seater pods to the nearest available station using a smartphone app.
BMW wants to put adverts in your car
Wed, 29 Jan 2014Ever wish you could be bombarded with advertisements as you drive to work? Forever wondering what special offers are available in the grocery store you’ve just passed? No, neither have we.
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.