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Saab files for bankruptcy: the end of the Swedish saga

Saab has reached the end of the road - for the second time in two years, just before Christmas. Parent company Swedish Automobile today announced that Saab had filed for bankruptcy. Owner and acting CEO Victor Muller had been trying to sell Saab as a going concern and had come close to signing a deal with Chinese car makers Pang Da and Youngman, but the deal was blocked by former owner General Motors which feared its technology - powering the new 9-5, plenty of the 9-3 range and the 9-4X - would fall into opposition hands in China.

Hyundai ix35 Hydrogen FCEV arrives in the UK

The first Hyundai ix35 Hydrogen FCEVs hit the road in London (pictured) The Hyundai ix35 FCEV is the world’s first hydrogen powered production car (although production is very limited at the moment) and the first five ix35 FCEVs are about to hit London’s roads. The hydrogen-powered ix35s are part of the London Hydrogen Network Expansion (LNHE) project which aims to build acceptance of hydrogen powered vehicles and build a proper hydrogen transport infrastructure, initially on London and the south east. Hyundai are actually planning to build 1,000 ix35 FCEVs over thye next couple of years, but the majority of those will be heading for Europe where the EU has a number of projects running to promote hydrogen use for road vehicles.

Lamborghini plans LM002 successor

By Georg Kacher Motor Industry 27 November 2006 10:48 Lamborghini has finally cast its new plans in stone, after much heated debate. And the plan is to replace the core supercars, before adding an SUV to the range. Although the Bologna-based sports car maker is now writing its balance sheets in black ink, the modest funds still don't suffice to generate a new standalone model like the proposed Espada - at least not for the time being.