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Saab enters Court Protection – just as we predicted
Wed, 07 Sep 2011Victor Muller takes Saab in to Court Protection Two weeks ago we reported that Saab were about to seek court protection from its creditors in a bid to buy time until investment from China arrives. And that’s exactly what’s happening. Saab are waiting for investment funding from China – via Pang Da and Youngman – totalling €245 million which should put Saab back on a solvent footing – at least for a while – and allow the beleaguered Swedish car maker to resume production and push on with future plans.
Why Aston Martins use Volvo keys
Wed, 29 Oct 2008By Nick Gibbs Motoring Issues 29 October 2008 14:03 Did you know that Aston Martins use Volvo keys? We should hardly be surprised, since we all know that Astons dip into the expansive Ford parts bin for everything from sat-navs to switchgear. But you’d expect them to at least go to some lengths to remove the original badging.
Audi hike prices for UK Cars
Mon, 26 Jan 2009It was always going to happen. The current weakness of Sterling against the Euro was always going to end up with Euro car makers putting up prices, and Audi has now decided to bite the bullet and push up prices by an average of 2% from 23rd February. Audi will, however, honour all existing orders and will not be seeking a surcharge.