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Michelin Challenge Design 2009 preview

Michelin has released details of three more contenders which will be displayed at the Michelin Challenge Design exhibit at the 2009 NAIAS next week. The stand will feature 11 scale models and 24 two-dimensional drawings that were selected by a jury of top automotive designers. Among these are Raquel Aparicio’s Soft Vehicle, Fernando Gomez’s Packard concept and Niels Grubak Iversen and David Goncalves’ Phoenix concept.

Saab unable to pay wages as financing crisis deepens

Saab'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.

Nissan plots BladeGlider production (2014)

By Ben Pulman Motor Industry 03 January 2014 10:30 Last month we brought you spyshots of Nissan’s new Almera hatchback; this week it’s the altogether more enticing news that bosses at the Japanese car giant hope to put the wacky BladeGlider concept car into production. The ‘swept wing’ BladeGlider is inspired by Nissan’s ZEOD RC, the company’s entry into the 2014 Le Mans 24-hours, and it seems production of the crazy concept is a possibility. ‘It’s in our mid-term plan,’ Nissan chief planning officer Andy Palmer revealed to CAR.