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Tesla repays government loans – a first, say Tesla. Chrysler disagree.
Thu, 23 May 20132013 is turning in to a very good year for Tesla. The Tesla Model S has had more praise heaped on it than almost any car ever has, they are making an operating profit and their shares are going through the roof. So with the stars aligning for Tesla they’ve taken the opportunity to pay back $465 million of US Department of Energy loans, nine years early.
Saab 1947-2009: GM 'will close Saab'
Fri, 18 Dec 2009By Tim Pollard Motor Industry 18 December 2009 20:33 It's a sad day for Saabphiles, as GM announced – one week to the day before Christmas – that it has failed to find a buyer for Saab. It will begin winding down the Saab operation immediately. There had been a glimmer hope for Saab earlier this month, as supercar maker Spyker stepped in as a possible suitor after similarly small sports car specialist Koenigsegg walked away from a potential deal in November 2009.But GM admitted it could not viably sell Saab to Spyker – and no other bidders were forthcoming.
Faurecia Pin-spiration calls for premium pinboards
Fri, 27 Jul 2012Faurecia has launched its ‘Faurecia Pin-spiration' contest, with a brand new 64GB iPad up for grabs. Tier supplier Faurecia is using online sharing community Pinterest to host a new competition to create a pinboard named ‘Faurecia Pin-spiration' – categorized under ‘Cars and Motorcycles' – and filled with things that reflect the meaning of ‘premium’ that could also be used in automotive design. To enter into the contest send an email to FaureciaNA@Faurecia.com with the link to the board along with your name, email address and phone number by 31 July, and Faurecia judges will then choose the winner.