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Saab gets latest lifeline via $5 million infusion from Chinese company
Tue, 13 Dec 2011Saab has been on the edge of collapse since a cash shortage early this year forced it to halt production. Now Automotive News reports that a last-minute payment from China's Zhejiang Youngman Lotus Automobile has given the Swedish carmaker yet another shot. Youngman wants to get a stake in Saab and has taken the first step by giving the company $5 million to cover tax expenses, with another $26.43 million forthcoming for unpaid salaries and $13.18 million more before the end of December.
Here's the former Ukrainian president's car collection
Mon, 24 Feb 2014Just a couple days ago, the world media and some bewildered journalists got a glimpse of now-departed Ukrainian president Viktor Yanukovych's villa on the Dnieper river, called Mezhyhirya. The sprawling and not-particularly-tasteful residence rests on a 345-acre lot of real estate (a little over half the size of Monaco) and features a golf course, a zoo, and an artificial lake with a ship resembling something out of Disney's "Pirates of the Caribbean" theme park ride. And it also boasts an impressive collection of about 70 cars and motorcycles.
Jaguar XKR (2010 / 2011) Ultimate Special Edition – the Video
Wed, 17 Feb 2010The 2010 Jaguar XKR - with all the options - the Video Earlier today we reported on the (very) minor changes to the Jaguar XK range as a whole for 2010/2011 and also on the very appetising changes Jaguar has introduced for the XKR for the new model year. The changes include the addition of a couple of option packs which make the Jaguar XKR a more hardcore car than it has been to date. These changes have probably come about after Jaguar played with the XKR to produce a Lime Green hot version for last year’s Goodwood Festival of Speed, and the option of graphics on the side certainly owe their existence to the Goodwood Special.