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Saab seeks court protection from creditors
Wed, 07 Sep 2011Saab is filing for protection from creditors from a Swedish district court, the automaker's owner, Swedish Automobile, said Wednesday. Saab is seeking court approval for a voluntary reorganization to secure short-term stability while it waits for funding from Chinese investors Pang Da and Zhejiang Youngman, Swedish Automobile said in a statement. Victor Muller, CEO of both Saab and Swedish Automobile, said in a statement: "We have concluded that a voluntary reorganization process will provide us with the necessary time, protection and stabilization of the business, allowing salary payments to be made, short-term funding to be obtained and an orderly restart of production to be prepared." Muller remains optimistic about Saab's future.
Hackers compromise Prius, seize control of wheel, brakes and more
Thu, 25 Jul 2013As an enthusiast, you're probably already worried about an autonomous car ripping the joy -- and the steering wheel -- from your hands. Now, according to Andy Greenberg at Forbes, you also have to worry about hackers ripping the steering wheel out of your car's hands (boy, do we feel strange writing that). That's because a car's computerized systems are as prone to hacking as your malware-laden desktop.
Jaguar XFR-S arrives ahead of LA debut
Wed, 28 Nov 2012The Jaguar XFR-S – Jaguar’s most powerful saloon car to date – has leaked out ahead of its debut tonight at the Los Angeles Auto Show. We’re hoping that Jaguar has managed to bestow extra power on the very appealing XFR without wrecking the stuff that makes Jaguar saloons so appealing – the dynamic/ride balance – which, if they have, will make the XFR-S a more appealing bonkers sports saloon than the German offerings. The promise is all there with a new butch front end, a more aggressive body kit, chunks of carbon fibre, a huge rear wing for extra downforce, a new diffuser at the back, stiffer springs, a new rear subframe with stiffer bushes, a tweaked active diff and a tweak of the stability control for more fun.