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Spyker attempting to sell Saab real estate in money-raising move
Tue, 12 Apr 2011The next chapter in the Saab cash crunch appears to involve Spyker selling Saab real estate to an unnamed financial institution, with the automaker leasing the property back for its operations. Saab has been forced to shut down production twice in the past few weeks in the wake of unpaid supplier bills, raising concerns that Dutch owner Spyker may be facing a liquidity crunch. The latest move is likely aimed at freeing capital for the automotive operations while the company negotiates for a loan with the help of the Swedish government.
2011 Renault Laguna Facelift gets priced
Thu, 21 Oct 2010The 2011 Renault Laguna facelift gets priced We guess it’s easier to get your act together as a car maker to price a facelifted car than an all new car. That said, if any business builds a product without knowing its retail price they are in danger of coming unstuck. Still, we applaud Renault for managing to get UK prices for the 2011 Renault Laguna Facelift sorted in a month since the 2011 Laguna appeared at the Paris Motor Show, especially as it took VW eight months to let UK buyers know how much it wanted for the 2011 Sharan.
Future products: Geely must retool Volvo plans
Wed, 01 Sep 2010Ford Motor Co.'s sale of Volvo to Geely in August leaves doubt about the Swedish company's product plans. For example, all of Volvo's current range except the 9-year-old XC90 crossover makes use of Ford vehicles and components. The XC90 is based on Volvo's P2 platform and was developed before Ford ownership.