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Spyker said to be General Motors' only candidate to buy Saab
Wed, 06 Jan 2010Spyker Cars NV is the only buyer under consideration for the Saab brand and is seeking to line up funding that will satisfy General Motors Co., a person with direct knowledge of the situation said. Financing has been a main obstacle to a deal, said the person, who declined to be identified because the information isn't public. The proposal from Spyker, a Dutch sports car maker, had included a Russian partner that GM rejected, and Spyker was seeking to arrange financing that didn't include that partner, the person said.
Lotus secures more funding, but five-year plan is dead
Mon, 22 Jul 2013The five-car, five-year plan for Lotus developed under Dany Bahar is dead, according to an Autocar report. But rumor has it that the sexy Esprit concept could be revived at a low cost. Tan Sri Mohd Khamil Jamil, managing director of the company that owns Lotus parent company Proton, DRB, confirmed that the company sold 70 cars in the U.K.
Commute times increasing
Fri, 15 Nov 2013COMMUTING times are starting to creep up after falling back during the recession, a new study has shown. Research by the TUC union revealed that men in their early 40s spend longest getting to and from work, at an average of more than 67 minutes a day. Commute times for women peak in their late 20s at 54 minutes and then start to fall as they get older, said the report.