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Saab says asset sale to BAIC gives it cash for a fresh start
Mon, 14 Dec 2009Saab believes that a deal to sell some key assets to Beijing Automotive Industry Holdings Co. will help secure the money-losing automaker's future. "The money will finance the new Saab and contribute to a good start under new ownership," Saab spokeswoman Gunilla Gustavs said without revealing financial details of the deal.
Rinspeed XchangE concept rethinks the autonomous car's cabin
Wed, 11 Dec 2013Rinspeed's XchangE all-electric touring sedan concept has been confirmed for the Geneva motor show, and focuses on how future drivers will spend their time in autonomous cars. Founder Frank M. Rinderknecht says, "So far hardly anyone has taken this to its logical conclusion from the perspective of the driver.
Petersen museum executive director to retire
Thu, 10 Jun 2010The executive director of the Petersen Automotive Museum is retiring after a 12-year-run at the helm of one of the nation's preeminent car collections. Richard Messer is stepping down to concentrate on other business interests. He will be replaced by Buddy Pepp on June 15.