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Saab enters Court Protection – just as we predicted
Wed, 07 Sep 2011Victor Muller takes Saab in to Court Protection Two weeks ago we reported that Saab were about to seek court protection from its creditors in a bid to buy time until investment from China arrives. And that’s exactly what’s happening. Saab are waiting for investment funding from China – via Pang Da and Youngman – totalling €245 million which should put Saab back on a solvent footing – at least for a while – and allow the beleaguered Swedish car maker to resume production and push on with future plans.
Peugeot 407 Coupe (2009) drops petrol engines
Fri, 10 Jul 2009By Richard Webber First Official Pictures 10 July 2009 09:40 Peugeot has dropped petrol engines altogether from its gawping 407 Coupé and will only be offering oil-burners in the revised range. The reworked 2.0-litre unit improves in economy and power, but the big news is a new 3.0-litre V6, which will be Peugeot’s most powerful production engine ever. The V6 unit was a joint development by PSA and Ford, and produces 241bhp and a hefty 331lb ft of torque between 1600 and 3600rpm.
2012 Volkswagen Beetle Spied
Thu, 27 Jan 2011The 2012 Volkswagen Beetle looks almost production-ready Yes, the next generation of the ‘New’ VW Beetle us upon us, certainly if the spy shots we’ve got of an almost undisguised 2012 VW Beetle are anything to go by. And we did report that VW should debut the 2012 VW Beetle in 2011 before a 2012 launch as long ago as October 2009. So it all adds up Not surprisingly, this 2012 Beetle has been snapped pounding round the US – the one place it’s sold really well.