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Saab gets latest lifeline via $5 million infusion from Chinese company
Tue, 13 Dec 2011Saab has been on the edge of collapse since a cash shortage early this year forced it to halt production. Now Automotive News reports that a last-minute payment from China's Zhejiang Youngman Lotus Automobile has given the Swedish carmaker yet another shot. Youngman wants to get a stake in Saab and has taken the first step by giving the company $5 million to cover tax expenses, with another $26.43 million forthcoming for unpaid salaries and $13.18 million more before the end of December.
New cars will now NOT get any bigger!
Sun, 17 Nov 2013A Vauxhall executive has made a bold statement – from now on, cars are not going to get any bigger. General vehicle dimensions across each sector of car are roughly now set to be fixed. “You can put a pin in a chart now,” explained the firm’s marketing director Stuart Harris.
2015 Land Rover Defender WON’T look like DC100 Concept
Wed, 17 Oct 2012Gerry McGovern - Land Rover’s Design Director – has said the 2015 Land Rover Defender won’t look like the DC100 Concept. Most of the feedback Land Rover got was pretty positive, although there were comments from traditional Defender owners that the DC100 looked like a toy Defender and not the rugged icon they wanted. But it looks like those traditional buyers of the Land Rover Defender can stop panicking that their wheels of choice will be turned in to a style statement instead of a workhorse after Gerry McGovern - Land Rover’s Design Director – told CarAdvice that the 2015 Defender won’t look like the DC100 after all.