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Tesla: Factory on track for 2012 Model S launch
Wed, 01 Jun 2011At Tesla Motors Inc.'s first annual shareholders meeting since going public last July, Tesla CEO Elon Musk provided a vision of using the full capacity of the former New United Motor Manufacturing Inc. plant it acquired from Toyota. He also discussed a string of electric vehicles and the possibility of a chain of company-owned charging stations and battery-swap facilities.
Saab increase pay for Board members as Swedish Debt Office circles
Fri, 19 Aug 2011Saab Meltdown gets closer It never rains, but it pours. And for Saab and Victor Muller it has been a year or more of almost unbroken storms, punctuated with just the odd ray of financial sunshine as Victor Muller combs the planet for investors to stake a claim in his chocolate teapot company. There has been no production at Saab of any consequence since April; many suppliers still remain unpaid despite substantial injections of cash from Chinese buyers; wages have not been paid and now, just to rub salt in the wound, it’s been revealed that board members received pay rises of up to 650 per cent in 2010.
2011 Volkswagen Passat: Paris Motor Show 2010
Thu, 30 Sep 2010The 2011 Volkswagen Passat at Paris Volkswagen like to call this 2011 VW Passat the seventh generation Passat. But it’s a sort of six and three-quarters Passat because, although every bit of sheet metal has been changed, the underpinnings stay the same. Up front the Passat gets a new set of lights and a new grill and the back sees a new set of lights.