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Prime Minister praises JLR during visit to new engine plant
Fri, 14 Feb 2014Prime Minister David Cameron today praised Jaguar Land Rover as he made a surprise visit to the firm’s brand new £500 million engine production facility in Wolverhampton. The PM flew in to join a special contingent of MPs, local government officials and the press on an early preview tour of the in-construction new plant, just six weeks after the JLR team themselves moved in. Apparently, an insider told MSN Cars, the PM had personally requested to visit the plant – and he wasn’t originally invited!
Saab: China’s Pang Da & Youngman to invest $7.5 billion. UPDATED
Mon, 31 Oct 2011Saab: China to invest $7.5 billion Update: We have now been told by Saab that Pang Da and Youngman are to provide €50 million immediately and €600 million for short to medium finance. Funding for the revised business plan and provide long-term financial stability the new Chinese owners have also budgeted funding for the planned expansion of Saab Automobile’s portfolio and additional operations to be set up in China There will be a reduction of 500 in the employee numbers. Sales targets for 2012 of 35-55,000 cars and 2013 of 75-85,00 and long-term of 200,000 cars a year Interestingly, Saab says that ‘Saab Automobile has not received the funds from Pang Da and Youngman that have been committed for today.’ Oh, well. Although the deal which will see Saab sold to China’s Youngman and Pang Da is still subject to a raft of approvals – Swedish Debt Office, EIB, GM, Chinese Government… – it seems the Chinese have big plans to invest up to $7.5 billion in Saab in the coming years.
College Exhibition: Coventry University Degree Show 2007
Wed, 27 Jun 2007Undergraduate students from Coventry University's Transportation Design program had their initial show in the end of May this year, but the range of projects was so vast that a selection of work from the annual degree show was then chosen and displayed in Coventry Transport Museum on June 15. Car Design News was there to see what had been selected. Inspired by the Alfa BT4B with which Niki Lauda won the Swedish Formula One Grand Prix in 1978, Stephan Everwin created a modern interpretation of the 'Fan Car'. Its rakish lines all culminate in a smooth aerodynamic shape that incorporates a huge fan between the rear wheels creating a massive vacuum under the car providing downforce at high speed.