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News watch November 2011: today's auto industry news
Tue, 29 Nov 2011Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Tuesday 29 November 2011• Saab's UK division today filed for administration as it waits for funding from its would-be Chinese investors (Automotive News Europe) • In a statement, Saab GB said: 'Saab Great Britain Ltd filed for administration with the High Court in London... The board of Saab GB is of the opinion that administration gives the company and creditors the necessary legal protection until the required funding for the company has been secured'• Frantic negotiations continue between Saab owner Swedish Automobile and its Chinese suitors, Youngman and Pang Da, which signed an MOU to buy Saab for €100 million.
SAIC wins LA Auto Show Design Challenge
Fri, 29 Nov 2013China's SAIC, the parent company of Roewe and MG brands (yes, Morris Garages and what used to be Rover), took the top spot in the LA Auto Show Design challenge with its Mobiliant Concept, beating other contestants like BMW DesignworksUSA, Subaru, Mazda, Changfeng, Quoros, and others. The theme for this year's challenge at the LA Auto Show was "Biomimicry & Mobility 2025: Nature's Answer to Human Challenges." Entrants were directed to propose design concepts that integrated the concept of biomimicry into transportation concepts. Quite a challenge and quite an open theme, especially when you consider that last year's theme was pretty straightforward: "Highway Patrol Vehicles in the Year 2025." In 2012 the Subaru SHARC concept took the top prize.
A14 toll residents 'should be exempt'
Mon, 07 Oct 2013RESIDENTS living near the UK's first proposed toll road in a decade should be exempt from payments, councillors have said. Drivers could be charged between £1 and £1.50 to travel along a new stretch of the A14 in Cambridgeshire, according to a consultation document published by the Highways Agency last month. The proposal comes after Chancellor George Osborne announced in the Autumn Statement that the Government would explore whether "in very limited circumstances" tolling could be used to fund significant new capacity on the country's roads.