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Geneva Motor Show 2007 Trends and Overview

Geneva is always one of the best shows to visit - it's easy to get to from the airport or city centre, it's more compact than the other major auto shows, it's well attended by car designers and there are a lot of new designs to enjoy. This year there were at least 14 significant new production debuts, a similar number of concept cars and, for a change, the weather was more spring like than winter... The core reaction from the designers we spoke to at the show was that there were no really very exceptional new cars at the show - the Hyundai HED-4 Qarmaq concept, Mazda Hakaze concept and Maserati GranTurismo being the possible exceptions.

New Jeep Renegade arrives: Geneva Motor Show

The new Jeep Renegade debuts at Geneva There’s plenty of choice if you want an compact faux SUV for the urban jungle, but the new Jeep Renegade – revealed at the Geneva Motor Show – promises to be able to do real off-road stuff as well as be a City warrior. Reviving a historic Jeep name, the new Renegade gets styling that shouts traditional Jeep – from its boxy shape, square wheel arches and upright look – and, even though it’s based on the underpinnings of the Fiat 500L (and the soon to arrive Fiat 500X), it conspires to be all American despite its Italian roots and diminutive size. Despite the rather retro look, the modern underpinnings borrowed from the 500L promise to be an effective basis for a compact Jeep, especially as Jeep has modified the setup to offer all independent suspension.

Saab unable to pay wages as financing crisis deepens

Saab's money troubles have worsened to the point that the struggling car maker is unable to pay its employees' wages on the eve of the Swedish mid-summer vacation period.In a brief official statement last night, Saab's parent company Swedish Automobile N.V (formerly Spyker Cars) announced that it was 'will be unable to pay the wages to employees as it has not yet obtained the necessary short-term funding.'  While Swedish Automobile and Saab continue to pursue options for securing short-term financing to solve the cashflow crisis, the company admitted 'there can however be no assurance that these discussions will be successful or that the necessary funding will be obtained.' Saab share prices tumble, Swedish government will not intervene Reaction to the worsening financial crisis from stakeholders has been predictably bleak. Swedish Automobile's shares dropped 61% in value yesterday, and are currently trading at 0.948 euro. The Swedish government, already guaranteeing a €400m loan to Saab by the European Investment Bank, shows no inclination to bail-out Saab, which employs 3800 staff.