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Saab finds a buyer
Wed, 13 Jun 2012Bankrupt automaker Saab has found a buyer. But instead of picking up where the Swedish firm left off, the buyer plans to use Saab's resources for the production of electric cars. The new owners of Saab, a Chinese-Swedish investment group with Japanese backing called National Electric Vehicle Sweden AB (NEVS), did not release details on how much it paid for Saab or how much it planned to invest in the company.
Lajdziak replaces Schembri as the president of Smart USA
Tue, 05 Jan 2010Jill Lajdziak, Saturn's former top executive, was named president of Smart USA just three days after starting with the company. David Schembri, who previously held the job, will take an unidentified position with the Penske Automotive Group, which distributes the Smart ForTwo microcar in the United States, the company said. "Dave will transition into retail operations at Penske Automotive Group with our dealerships," said Penske spokesman Anthony Pordon.
Hyundai Veloster – the 2011 Hyundai Coupe – spied
Thu, 31 Dec 2009Hyundai Veloster caught out testing The Hyundai Coupe has always fought well above its weight. It was the first sign from Hyundai that they could take on the best from Japan and come out fighting. But the Hyundai Coupe is nearing the end of its life and will be replaced in 2011 by a new car based on the Hyundai Veloster Concept, first seen at the Seoul Motor Show in 2007.