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Puegeot win at Le Mans – Audi third
Mon, 15 Jun 2009Peugeot drivers celebrate their 1-2 at Le Mans The winning Peugeot (#9) was driven by Alexander Wurz, David Brabham and Marc Gene, whilst second place was taken by Sébastien Bourdais, Franck Montagny and Stéphane Sarrazinin in car #8, just one lap behind, and five laps in front of Audi’s #1 car driven by Allan McNish, Rinaldo Capello and Tom Kristensen. In fact, the Audi car #1 (the other Audi entries had fallen by the wayside) finished just one lap ahead of Lola Aston Martin’s #007 car. The usual racing excuses were out in full, with Audi claiming that the cancellation of the traditional testing day this year meant they were unable to set up the R15 TDI properly in time for the race (Peugeot seemed to manage to get the 908s ready!).
Saab seeks court protection from creditors
Wed, 07 Sep 2011Saab is filing for protection from creditors from a Swedish district court, the automaker's owner, Swedish Automobile, said Wednesday. Saab is seeking court approval for a voluntary reorganization to secure short-term stability while it waits for funding from Chinese investors Pang Da and Zhejiang Youngman, Swedish Automobile said in a statement. Victor Muller, CEO of both Saab and Swedish Automobile, said in a statement: "We have concluded that a voluntary reorganization process will provide us with the necessary time, protection and stabilization of the business, allowing salary payments to be made, short-term funding to be obtained and an orderly restart of production to be prepared." Muller remains optimistic about Saab's future.
Carbon Motors denied government loan for police cruiser
Thu, 08 Mar 2012Carbon Motors, an Indiana-based company that aims to build police vehicles, said on Wednesday that the Department of Energy has denied its application for a loan under the Advanced Technology Vehicle Manufacturing program. The loan program was created under President George W. Bush and continued with President Barack Obama.