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Marysville, Washington, US
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Saab: Vlad Rides to the Rescue
Sat, 16 Apr 2011Vladimir Antonov rides in with €30 million for Saab's coffers It was always an odd move by GM, or the Swedish Government, or whoever it was that decided the deal for Spyker to buy Saab could only go through if Spyker’s money man – Vladimir Antonov – stepped down. It’s understandable if you have genuine concerns about the credentials of a party to the deal, but taking Vlad out of the equation was an accident waiting to happen. Without Vlad there was no financial safety net for Saab.
Sergio Marchionne warns of strife ahead in Europe
Sat, 29 Sep 2012Fiat chief exec Sergio Marchionne today warned of troubled waters ahead as Europe's car makers prepare for a radical restructuring. Marchionne, who's the current president of trade body ACEA, said factory closures were looming and repeated his call for a concerted EU-wide response to overcapacity. He warned that national interest was blocking action to strip out excess capacity, caused after European new car demand crashed by 3 million in the past five years.
McLaren reveals unique X-1 concept at The Quail
Fri, 17 Aug 2012McLaren introduced a one-off supercar at The Quail on Aug. 17. It's named the X-1 and was built for an anonymous car enthusiast.