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Vauxhall Adam Rocks – it’s a butch Adam Cabrio Crossover
Wed, 06 Feb 2013The new Vauxhall Adam is about to spawn a cabrio crossover version based on the first official sketches of the Vauxhall Adam Rocks Concept. But it seems Vauxhall are not content with just having a funky little urban runaround to flog, they want to get in on the butch mini urban crossover market too. Or that certainly appears to be the aim looking at Vauxhall’s latest Adam project – the Vauxhall Adam Rocks.
Volvo S60 (2010) – first official photos
Tue, 10 Nov 2009The first official picture of the 2010 Volvo S60 It’s been almost a year since we first reported on the Volvo S60. Volvo had released some teaser images of the S60 and we speculated – unkindly, as it turns out – that the teaser images would look nothing like the concept. But we were wrong.
Saab unable to pay wages as financing crisis deepens
Fri, 24 Jun 2011Saab's money troubles have worsened to the point that the struggling car maker is unable to pay its employees' wages on the eve of the Swedish mid-summer vacation period.In a brief official statement last night, Saab's parent company Swedish Automobile N.V (formerly Spyker Cars) announced that it was 'will be unable to pay the wages to employees as it has not yet obtained the necessary short-term funding.' While Swedish Automobile and Saab continue to pursue options for securing short-term financing to solve the cashflow crisis, the company admitted 'there can however be no assurance that these discussions will be successful or that the necessary funding will be obtained.' Saab share prices tumble, Swedish government will not intervene Reaction to the worsening financial crisis from stakeholders has been predictably bleak. Swedish Automobile's shares dropped 61% in value yesterday, and are currently trading at 0.948 euro. The Swedish government, already guaranteeing a €400m loan to Saab by the European Investment Bank, shows no inclination to bail-out Saab, which employs 3800 staff.