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Saab gets latest lifeline via $5 million infusion from Chinese company
Tue, 13 Dec 2011Saab has been on the edge of collapse since a cash shortage early this year forced it to halt production. Now Automotive News reports that a last-minute payment from China's Zhejiang Youngman Lotus Automobile has given the Swedish carmaker yet another shot. Youngman wants to get a stake in Saab and has taken the first step by giving the company $5 million to cover tax expenses, with another $26.43 million forthcoming for unpaid salaries and $13.18 million more before the end of December.
Vauxhall Meriva (2010) revealed
Tue, 05 Jan 2010Vauxhall/Opel have revealed the 2010 Meriva Back at the end of September we reported on the 2010 Vauxhall Meriva after our photographers had spied the new Vauxhall tramping round the Nurburgring. As we said, not exactly where you’d expect to find the mini-MPV, but good to see it being properly shaken down. We reckoned on a launch at Geneva before the 2010 Meriva goes on sale in the Summer, and the reveal by Vauxhall/Opel today confirms all that.
Ferrari F12 Berlinetta to be auctioned for Sandy victims
Fri, 09 Nov 2012Ferrari is doing its part to help Hurricane Sandy victims by auctioning off the first F12 Berlinetta that will be sold on American soil. The base price of Ferrari's halo model is about $315,000. We'd expect this one to go for much more than that.