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Saab: Muller seeking €600 million Chinese Bank loan to placate GM
Thu, 08 Dec 2011Saab €600 seeking million China Loan Victor Muller is seeking a €600 million loan from a Bank in China to allow Saab to survive and circumvent GM’s objection to Chinese ownership. We’re not sure if this is ‘Plan B’ or whether we’re way beyond that now. But the latest ‘Save Saab’ pitch from Victor Muller is to acquire a €600 million loan from a bank in China to save Saab.
Jaguar slashes prices – in Australia
Tue, 23 Oct 2012Jaguar has slashed prices across its range in Australia – by as much as £40,000 – as it fights for a bigger market share. But there’s also a feeling that all those years of protectionist import tariffs have inured Australians to the high price of luxury cars, and that car makers take advantage of that by keeping prices high, regardless of the level of taxes imposed on their products. That means something like a Rolls Royce Phantom costs £650k and a Porsche 911 starts at £150k.
Ferrari video of the next Enzo's HY-KERS hybrid
Thu, 26 Apr 2012Ferrari has issued video of its new HY-KERS hybrid system bound for the new Enzo successor due later in 2012. It mates a V12 petrol engine with a brace of electric motors - one to drive the car's ancillary systems like cooling and power assistance, and the larger one to drive the rear wheels. This teaser video doesn't give away any incredible performance figures, but it does afford a glimpse into Maranello's thinking for its new hypercar.