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GM sees no potential buyers for Saab
Thu, 08 Jan 2009General Motors has found no interested buyers for Saab, sources familiar with efforts to sell the Swedish brand say. GM put Saab under "strategic review" as part of the long-term viability plan submitted to Congress last month. In a subsequent interview with Automotive News, GM Vice Chairman Bob Lutz said strategic review is "code for we realize they're not working and something needs to be done." GM has not announced a decision to sell the brand, but has quietly shopped it around, the source said.
Audi R8 V10 sells for $500,000 at charity auction
Wed, 25 Feb 2009Which would you pay more for--a V10-powered Audi R8 or the new Ferrari California? At the third annual Boca Raton Concours d'Elegance in Florida last weekend, the Audi R8--the first one in the United States equipped with the 5.2-liter V10--was the winner in a charity auction, selling for $500,000, well above the car's sticker price of $180,000. Meanwhile, the Ferrari California was snapped up for $350,000, a bit more than the $225,000 sticker price.
Imre Molnar memorial service announced
Tue, 08 Jan 2013Imre Molnar will be honored in a memorial service this month, the College for Creative Studies (CCS) has confirmed. CCS President Richard Rogers has announced that on 20 January at 3.00pm (EST) all who knew Molnar are welcome to attend the service and share with his family in a remembrance of his life. Molnar, who was the college provost, passed away during the holiday season after riding his bicycle in California and suffering a fatal heart attack on the afternoon of 28 December.