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Saab enters Court Protection – just as we predicted
Wed, 07 Sep 2011Victor Muller takes Saab in to Court Protection Two weeks ago we reported that Saab were about to seek court protection from its creditors in a bid to buy time until investment from China arrives. And that’s exactly what’s happening. Saab are waiting for investment funding from China – via Pang Da and Youngman – totalling €245 million which should put Saab back on a solvent footing – at least for a while – and allow the beleaguered Swedish car maker to resume production and push on with future plans.
2011 model year is a quickie at Chrysler
Mon, 04 Apr 2011As soon as Chrysler Group dealers stock up on vehicles of the shortened 2011 model year, they'll have to start getting ready for the 2012 models. The truncated 2011 model year is a result of Chrysler's efforts to reinvigorate its lineup after its 2009 bankruptcy. The company introduced 16 new or revamped models for 2011 after a frantic 18-month engineering push.
How to cash in on 'cash for clunkers'
Fri, 19 Jun 2009OK, the "cash-for-clunkers" or "cash-for-guzzlers" program has cleared both houses of Congress and is on its way to the White House for President Barack Obama's signature, which is likely. Now, you have questions, such as, "How do I cash in on this?" Well, here are some answers: -- The program applies only to 1984 model year and newer vehicles. And the "clunker" has to have a combined fuel-economy rating of 18 mpg or less.