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Saab on brink of closing after GM rejects rescue plan
Mon, 19 Dec 2011Saab Automobile filed for bankruptcy on Monday and is on the brink of shutting for good after former owner General Motors rejected a rescue plan. The move sets the scene for the end of Saab's struggle to survive after months of hastily drawn-up deals for a company that hasn't made a vehicle in months. The latest plan involved Chinese automaker Zhejiang Youngman Lotus Automobile, but this was vetoed by GM, still a key Saab supplier, over the weekend "After having received the recent position of GM on the contemplated transaction with Saab Automobile, Youngman informed Saab Automobile that the funding to continue and complete the reorganization of Saab Automobile could not be concluded," Saab's Dutch owner, Swedish Automobile, said in a statement.
Akio Toyoda named Toyota president amid global crisis
Tue, 20 Jan 2009Akio Toyoda, scion of Toyota Motor Corp.'s founding family and now its next president, will bring a U.S. perspective to the automaker as it battles falling sales and an unprecedented financial crisis. Toyoda, 52, will succeed current President Katsuaki Watanabe in June, the company said Tuesday, ending weeks of speculation.
Nissan Juke Shiro tops the Juke range
Wed, 01 Feb 2012The new range-topping Juke - the Nissan Juke Shiro The Nissan Juke Shiro launches as a range topper for the Juke range, with white interior features and 17″ dark alloys. All the news of late on the Juke has been the very bonkers Juke-R, but now Nissan are back in the real world with a new range-topper in the guise of the Nissan Juke Shiro. The Shiro takes the mantle from the limited edition Juke Kuro, and builds on the top trim Tekna with cosmetic tweaks and extra options, to create the Juke Shiro.