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Saab unions threaten bankruptcy action over unpaid wages
Thu, 23 Jun 2011Unions at Saab, which is unable to pay wages to its workers, threatened today to start a legal process that could end in bankruptcy for the iconic brand. The IF Metall and Unionen groups said they would send a formal demand for payment on Monday if their members had not received their wages. "Then the company has seven days to react," IF Metall representative Veli-Pekka Saikkala told Reuters.
Seat Leon (2012) first official pictures
Mon, 16 Jul 2012This is the new Seat Leon. Debuting as a five-door hatchback, there'll also be a sportier three-door in the mould of the Ibiza SC and an estate in the not-too-distant future. Lighter and packed with more technology than before, the new Leon goes on sale in late 2012.
GM, Ford and Chrysler sales advance on crossover, small-car demand
Tue, 02 Aug 2011General Motors, Ford and Chrysler posted higher July sales, helped by demand for crossovers as well as small, fuel-efficient vehicles. GM said today its sales rose 8 percent last month from a year ago, with passenger car demand rising 8 percent and crossover sales increasing 20 percent. At Ford, sales rose 6 percent, with car demand advancing 3 percent and light truck sales up 12 percent.