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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.
The new Honda Insight hybrid is shown at the Detroit auto show
Sun, 11 Jan 2009The new Honda Insight was unveiled at the Detroit Auto Show To hear Honda tell it, the new 2010 Insight coming to market this April is all about making hybrid technology available to Gen-Y. That's because it's smaller and less expensive than the class-leading Toyota Prius or Honda's own Civic Hybrid. We drove the Insight in Arizona recently and found it also more fun to drive than most hybrids, another attribute that ranks high among young buyers.
Skoda Octavia GreenLine – UK Release
Sat, 13 Jun 2009The Skoda Octavia GreenLine has been released in the UK The trouble is, there’s not a huge amount to say. You can already guess that the tweaks to get the CO2 emissions down and the mpg up are going to run along the same lines as everyone else’s Ec-Cars. Think what Ford has done with the ECOnetic or VW with the BlueMotion and you won’t be far wrong.