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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.
Mercedes G 65 AMG & G 63 AMG arrive with G Class updates
Wed, 11 Apr 20122012 Mercedes G Class now includes V8 G63 & V12 G65 Mercedes-Benz reveals the updated G Class for 2012 with two new AMG models – the V8 Mercedes G 63 AMG and V12 Mercedes G 65 AMG. The Mercedes G Class may have been around since dinosaurs walked the planet, but Mercedes don’t want to let it go and with every new tweak they make the G Class gets even more desirable. Which defies logic.
Audi Q1, Q2, Q4 and Q6 – the rumours grow
Fri, 17 Jun 2011Audi Q1 - or some new Audi beginning with Q, anyway. I know, you won’t be surprised to learn that Audi may be planning on a plethora of new SUVs of varying sizes. After all, if there’s a niche that could exist Audi will jump in to fill it.