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Volvo Concept Universe
Tue, 19 Apr 2011Taking center stage at the Shanghai Auto Show was the Volvo concept Universe. As the first project done under Peter Horbury since his return to Volvo, and new owner Geely the car marks a departure from current design languages and returns to simple Scandinavian design. "The Concept Universe offers the world a sneak preview of what people can expect from our next top-of-the-line sedan," says Stefan Jacoby, President and CEO of Volvo Car Corporation.
Toyota teases Muppets Super Bowl spot
Wed, 22 Jan 2014Former NFL player and current "Brooklyn Nine-Nine" actor Terry Crews will appear in Toyota's Highlander-focused Super Bowl ad. The automaker released a teaser spot today, referencing the Coen Brothers and featuring the Muppets' famed dilapidated bus, a fanciful tour vehicle in the vein of Ken Kesey's Furthur or the Partridge Family's Mondrian-esque Chevy. (RIP, Dave Madden.) It's safe to assume that some manner of madcap mayhem will ensue upon the arrival of the rest of the Muppet crew, but for now, all we get is a shot of pianist Rowlf buckling himself in sans invitation.
Saab says it will restart production after securing short-term loan
Mon, 02 May 2011Saab aims to restart production within a week after its owner, Spyker Cars, secured a 30 million euro ($44.7 million) short-term loan to help ease its cash crunch. Spyker said it will borrow the money from Gemini Investment Fund in a convertible loan agreement with a 6-month maturity. The interest rate of the loan is 7 percent a year and the conversion price is 4.88 euros per share.