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Saab: China’s Pang Da & Youngman to invest $7.5 billion. UPDATED
Mon, 31 Oct 2011Saab: China to invest $7.5 billion Update: We have now been told by Saab that Pang Da and Youngman are to provide €50 million immediately and €600 million for short to medium finance. Funding for the revised business plan and provide long-term financial stability the new Chinese owners have also budgeted funding for the planned expansion of Saab Automobile’s portfolio and additional operations to be set up in China There will be a reduction of 500 in the employee numbers. Sales targets for 2012 of 35-55,000 cars and 2013 of 75-85,00 and long-term of 200,000 cars a year Interestingly, Saab says that ‘Saab Automobile has not received the funds from Pang Da and Youngman that have been committed for today.’ Oh, well. Although the deal which will see Saab sold to China’s Youngman and Pang Da is still subject to a raft of approvals – Swedish Debt Office, EIB, GM, Chinese Government… – it seems the Chinese have big plans to invest up to $7.5 billion in Saab in the coming years.
CCS-AISI Project 2008
Fri, 10 Oct 2008The College for Creative Studies (CCS) recently celebrated 20 years of partnership with the American Iron and Steel Institute (AISI). Illustrating that environmental responsibility needn't come at the expense of design, power or desire, three students created their individual vision of a "Green Steel" concept car, resulting in the Lincoln Continental, Mazda Hyoryu and Mitsubishi Synthesis. Considering the current energy and environmental global crisis, the students involved in this project took the opportunity to re-think mobility for the year 2040 by developing innovative adaptations for automobiles and proposing a more humanistic approach to transportation. Mitsubishi Synthesis Dave Owsen This automated 'travelling entertainment center of the future' bridges the gap between public and personal transportation. Utilizing the city traffic tier of the transportation network for navigation, the vehicle also creates a brand media experience for young urban commuters, combining elements of transportation and entertainment.
Hybrid Cars are Dangerous
Sat, 04 Jul 2009Hybrid cars are reckoned to be dangerous to vision-impaired pedestrians - but Lotus has a solution with 'Safe & Sound' But this is about the problems that are starting to arise when Hybrids (and EVs for that matter) are running ‘Silently’. And with sales of Hybrid cars rocketing – particularly in Japan – it is causing concern to the authorities. So the Japanese Government has set up a panel to investigate the problem, consisting of consumers, vision-impaired groups, the police and representatives from the car industry.