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The Saab Saga – now it’s a share sale to raise cash
Thu, 04 Aug 2011Saab Saab sell shares to GEM Global We’re not really sure we see how on earth the announcement from Saab that they are selling shares to raise funds is going to work. But we’ll report it anyway. The information we have is that Swedish Automobile is going to issue shares to help pay the outstanding bills it has, and to meet unpaid salaries for white collar workers.
CAR interviews new Ford CEO Mark Fields (2014)
Tue, 01 Jul 2014Mark Fields, Ford's new chief executive officer and president of Ford from 1 July 2014 By Phil McNamara Motor Industry 01 July 2014 12:32 Mark Fields took over as CEO of Ford on 1 July 2014, replacing Alan Mulally. CAR magazine caught up with Fields shortly before he took over as the new Ford boss to find out what drives him – and spoke about his time running the now-defunct Premier Automotive Group, including stints overseeing Aston Martin, Jaguar, Land Rover and Mazda. It’s illuminating reading: Fields tells us how Ford considered basing Land Rovers on Ford SUVs and reveals how Ford found buyers for the Premier Automotive Group.
Manufacturers report 2013 sales boom
Wed, 08 Jan 2014CAR MANUFACTURERS are reporting strong surges in sales for 2013, with one mainstream brand up by more than 55%. So far Ford, Vauxhall, Skoda, MG, Lexus, Renault, Audi and Mercedes have all reported excellent sales performance, with Mercedes having passed the 100,000 registrations per year mark for the first time in the UK. Largely thanks to the introduction of the Dacia brand this year, the Renault Group has seen a 55.3% rise in sales, to 63,319 units.