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Fisker expects to partner with automakers
Sat, 08 Dec 2012Fisker Automotive's CEO, warning of the pitfalls facing independent small automakers, says the luxury plug-in hybrid manufacturer is poised to partner with other automakers next year. Tony Posawatz, Fisker's CEO and former chief engineer of the Chevrolet Volt, told Automotive News that Fisker is in talks for three potential deals in which executives at the "highest levels" of the companies involved are "talking specifics." "We are absolutely committed to making this company win longer term, and the history of smaller companies living on their own in the automotive business is not stellar," Posawatz said in an interview. "We are not going to go it alone." Posawatz said alliance deals could be completed within the next year.
Lexus LS 600h Landaulet – a definite one-off
Fri, 24 Jun 2011Lexus LS 600h Landaulet - fit for a Prince If this had been Audi you’d have expected that a Landaulet would be their next niche model. But thankfully this is Lexus, so they’ve just made a one-off Lexus LS 600h Landaulet to ferry Prince Albert of Monaco around at his upcoming nuptials, rather than using it to herald many more Landaulet models to come. Now if you’re going to be ferried around in anything – as opposed to driving it yourself – cars for the purpose actually don’t come a lot better than a Lexus LS 600h.
Saab secures more funds as it seeks to avert collapse
Mon, 27 Jun 2011Saab parent Swedish Automobiles has found another financial lifeline in China as the struggling carmaker faces possible legal action from unions over unpaid wages. In a statement this morning, Swedish Automobiles announced that an un-named Chinese firm has placed an order for 582 Saab vehicles, valued at 13 million Euro (£11.5m) with full pre-payment 'expected to be made this week'. Saab plans to use the funds to pay wages and begin partial payments to component suppliers in order to restart production. Saab's financial crisis: the current situation.