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Saab gets more cash from China partner
Wed, 01 Jun 2011Saab has received another cash boost from its new China partner Pang Da with an additional order for 630 cars, worth 15 million euros or $21.7 million at current exchange rates. The order comes on top of an order for 1,300 cars worth $43.3 million (30 million euros) received by Saab from Pang Da in May. The Chinese company will pay in advance for the order and delivery of the vehicles will start in the third quarter, Saab said.
Spyker CFO is set to step down in July as Saab raises more cash
Thu, 02 Jun 2011As Saab Automobile struggles to get back on its feet, Spyker Cars NV announced Wednesday that its chief financial officer plans to resign. Hans Go will step down as statutory director of Spyker effective July 1, Spyker said in a statement today. Saab production restarted last Friday after it received financial assistance from its new China partner, Pang Da.
Mystery new luxury British sportscar planned
Fri, 17 Jan 2014The name David Brown is famously associated with Aston Martin, as the company was once owned by a British entrepreneur who is now immortalised in a series of “DB” model lines, including James Bond’s favourite DB5 and the current DB9. We digress. Now another David Brown is hoping to make his mark – or should that be marque – on the British luxury motoring scene by launching an all-new David Brown Automotive brand in April 2014.