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Bankruptcy looms for cash-starved Saab
Tue, 11 Oct 2011The future is growing dim for Saab. Reports from Europe say the Swedish courts might soon declare Saab bankrupt--possibly as soon as Wednesday--because the company is out of cash. Saab recently won court protection from its creditors while it waited for funds.
White Van Man numbers booming
Thu, 10 Apr 2014THE ADVANCE of White Van Man is accelerating, according to figures highlighted by the RAC Foundation. Between 2002 and 2012 the number of light vans on the roads increased by 29% to 3.3 million. During the same period, the increase in cars was 11%, with one in 10 vehicles on the roads now a light commercial vehicle.
Hyundai shows its Blue2 hydrogen-fuel-cell vehicle in Seoul
Thu, 31 Mar 2011Hyundai Motor Co. has unveiled a hydrogen fuel cell concept vehicle called the Blue2 that takes the South Korean automaker deeper into alternative-drivetrain territory. Hyundai is banking on the car to propel it to a leadership role in the race to commercialize fuel cell electric vehicles, a contest joined notably by such Japanese rivals as Honda Motor Co.