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New Mercedes ML (2012) Revealed
Tue, 07 Jun 2011The Mercedes ML grows up for 2012 The imminent demise of the big SUV has been predicted by the hair-shirt-wearing, green halo brigade for years, but cars like the new 2012 Mercedes ML are like every successful creation – they evolve to survive. So the news that’s come with the first photos of the 2012 ML that we will see the big Mercedes SUV sporting a lowly four-pot is much less of a shock than it would have been a few years ago. But it’s much less of a shock because four-pot turbos have evolved to give us more than a six-pot would have done just a few years before, which makes a 4-pot in a Mercedes ML almost appealing.
Saab says asset sale to BAIC gives it cash for a fresh start
Mon, 14 Dec 2009Saab believes that a deal to sell some key assets to Beijing Automotive Industry Holdings Co. will help secure the money-losing automaker's future. "The money will finance the new Saab and contribute to a good start under new ownership," Saab spokeswoman Gunilla Gustavs said without revealing financial details of the deal.
Saab files for bankruptcy: the end of the Swedish saga
Mon, 19 Dec 2011Saab has reached the end of the road - for the second time in two years, just before Christmas. Parent company Swedish Automobile today announced that Saab had filed for bankruptcy. Owner and acting CEO Victor Muller had been trying to sell Saab as a going concern and had come close to signing a deal with Chinese car makers Pang Da and Youngman, but the deal was blocked by former owner General Motors which feared its technology - powering the new 9-5, plenty of the 9-3 range and the 9-4X - would fall into opposition hands in China.