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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.
Bugatti Galibier also a victim of VW cost cutting?
Fri, 12 Oct 2012Reports suggest that the Bugatti Galibier – Bugatti’s four-door super saloon – is facing more delays. Another VW cost cutting victim? Now it looks like the next model in the Bugatti range – the Bugatti Galibier – is also facing uncertain delays.
Kia uses wind power to lower emissions and boost economy
Wed, 01 Apr 2009Kia's new Aero-Soul concept utilises wind power to lower emissions and boost economy [ad#ad-1] In a dramatic, and very cost effective manner, Kia has revealed the new Aero-Soul concept, which aims to drastically reduce Co2 emissions and improve economy by harnessing the power of the wind, in a low-cost solution called Air Propulsion and Retardation Installation Line. In simple terms, the A.P.R.I.L system uses small sensors built in to the front and rear of the car to monitor wind forces, and deploys wind chutes at the front or rear of the car to aid in braking or forward propulsion. So at cruising speeds if the wind behind the car is strong – such as in winter gales – the panels will harness wind power to provide forward motion.