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Rolls-Royce Phantom Coupe (2008): first official pictures
Sun, 17 Feb 2008By Mark Nichol First Official Pictures 17 February 2008 00:01 BMW continues to stretch the Rolls-Royce range every which way (have they confused it with the 3-series famiy?) and today it unveils the new Phantom Coupe. Think of it as a two-door gentleman’s express built for the mega-rich to waft unscathed through the credit crunch. You won't confuse its lineage, that's for sure.
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.
Kia Sportage (2010) – the Promo video
Thu, 11 Mar 2010The Kia Sportage 2010 'WOW'. Video below You’ve got to hand it to the Koreans. They have certainly picked up the whole car making game in a way we haven’t seen since the Japanese got their act together a generation ago.