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Spyker makes a new offer for Saab; General Motors will evaluate
Sun, 20 Dec 2009Spyker Cars said Sunday it had submitted a new offer for the Saab brand. Spyker CEO Victor Muller said an 11-point proposal had been handed to General Motors addressing each of the issues that arose during due diligence after the Dutch company originally bid for Saab. Muller said the new offer would remove the obstacles that were standing in the way of a swift sale of Saab to Spyker.
Who's Where: Ken Okuyama parts company with Pininfarina
Fri, 15 Sep 2006Pininfarina, the Turin, Italy-based automotive styling house, has announced that its design director, Ken Okuyama, has left the company. In a tersely-worded statement Pininfarina said, "The Company's decision comes as a result of the various external activities Ken Okuyama was carrying out beyond his responsibilities within Pininfarina." Ken Okuyama had been Design Director at Pininfarina since July 2005. During this time, Okuyama's most high-profile work was the Maserati Birdcage prototype, created to celebrate 75th anniversary of the Italian styling house.
Mercedes signs joint venture to build carbonfibre parts
Mon, 24 Jan 2011Not to be outdone by BMW’s joint venture with the SGL Group to manufacturer commercially viable carbonfibre-reinforced plastic (CFRP) for the electric Megacity Vehicle, Mercedes has announced a joint venture with Japanese company Toray Industries to manufacturer and market its on CFRP automotive parts. The deal was signed in Germany today, with Toray taking a 50.1% stake, Daimler holding 44.9% and the remaining 5% being taken by other shareholders. The two companies started working together in March 2010, and while Toray has been working on the materials and moulding processes, Merc has designed the automotive parts and the technologies to join the parts together.