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Saab unions threaten bankruptcy action over unpaid wages
Thu, 23 Jun 2011Unions at Saab, which is unable to pay wages to its workers, threatened today to start a legal process that could end in bankruptcy for the iconic brand. The IF Metall and Unionen groups said they would send a formal demand for payment on Monday if their members had not received their wages. "Then the company has seven days to react," IF Metall representative Veli-Pekka Saikkala told Reuters.
Lincoln crossover concept video hits the web
Fri, 18 Apr 2014Lincoln has released a video that previews a concept vehicle that could be the next MKX crossover. The short spot gives a glimpse of a large four-door luxury crossover with long rear doors and a relatively short cargo section in the back. The video gives little clue as to the concept's true dimensions, though it appears likely that this concept is previewing a second-generation MKX, to replace the model which has been on sale since 2006.
Caterham off to China in 2012
Wed, 20 Jul 2011Caterham Cars - China Bound It’s quite an eventful time for car-making minnows Caterham – keepers of the Colin Chapman Flame- with a takeover at Caterham by Tony Fernades and Team Lotus only just complete, and now the news that Caterham are going to be selling cars in China from 2012. The takeover by Team Lotus has seen Caterham Cars’ profile on the international stage rise considerably as its logos appear on the Team Lotus F1 cars, which will do its prospects of selling Caterhams around the world no harm at all. Caterham has now signed an exclusive deal with Chinese importer Courtenay Trading International (CTI) who are aiming to appoint six retailers in key provinces of China over the next twelve months with a modest sales target of 50 cars in the first year.