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BMW X1: Official with Video
Thu, 02 Jul 2009BMW has now officially released pictures and detail on the new BMW X1 Actually, it’s not all here. BMW has gone a bit overboard with the pictures (nearly 200), so we’ve brought you another fifteen to add to the fifteen from yesterday. Enough X1 pics I think, although the beach ones do have some half decent views!
Chevrolet Volt leads satisfaction survey
Thu, 01 Dec 2011The Chevrolet Volt plug-in hybrid has topped Consumer Reports' latest owner-satisfaction survey after its first year on the market. The magazine said 93 percent of respondents who own a Volt said they would definitely purchase one again, making it the highest-rated car in the annual poll. Two second-place finishers, the V8-powered Dodge Challenger and the Porsche 911, drew the most-favorable grade from 91 percent of buyers.
Saab: China’s Pang Da & Youngman to invest $7.5 billion. UPDATED
Mon, 31 Oct 2011Saab: China to invest $7.5 billion Update: We have now been told by Saab that Pang Da and Youngman are to provide €50 million immediately and €600 million for short to medium finance. Funding for the revised business plan and provide long-term financial stability the new Chinese owners have also budgeted funding for the planned expansion of Saab Automobile’s portfolio and additional operations to be set up in China There will be a reduction of 500 in the employee numbers. Sales targets for 2012 of 35-55,000 cars and 2013 of 75-85,00 and long-term of 200,000 cars a year Interestingly, Saab says that ‘Saab Automobile has not received the funds from Pang Da and Youngman that have been committed for today.’ Oh, well. Although the deal which will see Saab sold to China’s Youngman and Pang Da is still subject to a raft of approvals – Swedish Debt Office, EIB, GM, Chinese Government… – it seems the Chinese have big plans to invest up to $7.5 billion in Saab in the coming years.