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Saab signs deal with second China partner
Mon, 13 Jun 2011Saab has agreed to China's Zhejiang Youngman Lotus Automobile Co. taking an equity stake in the company as part of a distribution and manufacturing joint venture. Saab and its owner Spyker Cars NV signed a deal with Chinese car distributor Pang Da in May worth up to 110 million euros that involved setting up a joint venture with Spyker and a partner in China to start making Saabs in China within two years.
Henrik Fisker leaves his eponymous company
Thu, 14 Mar 2013Henrik Fisker, co-founder of Fisker Automotive, has resigned from the company as Fisker seeks funding to move forward. But Henrik Fisker managed to convince the car world his Fisker Karma was credible, even if its gestation has been plagued by problems, the latest of which has been the demise of its battery supplier – A123 Systems – and the wrecking of a dock full of seemingly uninsured Karmas by Hurricane Sandy. The current problems at Fisker has seen them seeking a new investor, with two Chinese companies – Geely and Dohnfeng – vying to take a majority stake in Fisker Automotive and help Fisker recover sales of the Karma and move on with Project Nina, the smaller Fisker Atlantic.
Ian Callum meets graffiti artist Mr Kaves and his one-off Jag [w/video]
Mon, 16 Apr 2012A backstreet garage in Brooklyn, New York, is home to the company that preps Jaguars and Land Rovers for films and TV product placement. Hidden in the rear is a full-sized Thomas the Tank Engine, the presence of which no one can explain. Nearer the front is an XKR, delivered a couple of days ago for a unique paint job.