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Saab gets latest lifeline via $5 million infusion from Chinese company
Tue, 13 Dec 2011Saab has been on the edge of collapse since a cash shortage early this year forced it to halt production. Now Automotive News reports that a last-minute payment from China's Zhejiang Youngman Lotus Automobile has given the Swedish carmaker yet another shot. Youngman wants to get a stake in Saab and has taken the first step by giving the company $5 million to cover tax expenses, with another $26.43 million forthcoming for unpaid salaries and $13.18 million more before the end of December.
Shelby American celebrates the GT350's anniversary with a modern Mustang
Tue, 19 Jan 2010Shelby American is marking the 45th anniversary of the legendary Shelby GT350 Mustang with a new version, designed for Ford's new 5.0-liter V8 in the 2011 Mustang. For those willing to plunk down $33,995--plus the cost of a new Mustang--the team at Shelby American in Las Vegas will crank out a modernized GT350. On the outside, that calls for white paint with the blue racing stripes down the center of the hood, roof and deck.
Saab 9-X Air concept car (2008): first photos and video
Thu, 18 Sep 2008By Tim Pollard First Official Pictures 18 September 2008 00:01 Saab has lopped the top off its 9-X show car to produce this – the new 9-X Air concept revealed today. No prizes for guessing that the aptly named Air is a convertible version of Saab's 9-X wannabe executive hatchback. The future 9-1 cabrio, in other words.