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Saab files for reorganization, seeks $1 billion to survive
Fri, 20 Feb 2009Saab is seeking $1 billion (793 million euros) to be self-financing, the company said on Friday after it filed for reorganization under a self-managed Swedish court process. The General Motors-owned Swedish brand said it will work "to create an independent business entity" and will concentrate production, design and engineering in Sweden. Saab said it would continue to operate as normal during the reorganization process, with GM and the Swedish government providing some support.
IndyCar Hot Wheels race into stores
Fri, 03 Apr 2009IndyCar-themed Hot Wheels will be hitting stores this month. The Indy Racing League and Mattel Inc., the maker of Hot Wheels, have agreed on a four-year deal that will produce a lineup of toy cars featuring teams and drivers. A 1:64-scale Hot Wheel is $4.99, with a 1:24 version that costs $24.99.
Interior Motives China Conference 2013 – Day One
Fri, 19 Apr 2013This year's Interior Motives China Conference got off to a great start yesterday in its new home at the Hilton Hongqiao in Shanghai. The theme of this year's event is 'Technology and Tradition; Old meets new in modern-day China.' Interior Motives is the print magazine from Car Design News, which focuses on the design development of vehicle interiors. The sixth running of the annual conference has seen a large shift in the Chinese market since the first.