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Dacia parades machine gun-equipped Duster
Thu, 05 Dec 2013THE ROMANIAN military has apparently displayed an armoured and machine gun-equipped version of the humble Dacia Duster 4x4. The army-grade Duster has been given a degree of bulletproof plating, as well as under-body armour for the most vulnerable areas like the engine and fuel tank. However, it’s the remote-controlled machine gun mounted on the roof that’s sure to raise the most eyebrows.
Pagani Huayra: The Why-Air-Ra is better in Red. And in the flesh
Tue, 01 Mar 2011The Pagani Huayra on the Geneva floor. A picture in red carbon fibre Horacio Pagani has brought along his long-awaited replacement for the Zonda – the Pagani Huayra – to the Geneva Show floor. And it looks a lot better in the flesh than even the best of the Huayra photos we’ve seen so far.
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.