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New Peugeot 108 set for 2014 Geneva Motor Show debut
Fri, 14 Feb 2014Peugeot is on a bit of a roll right now. The Peugeot 208 is a consistent top ten seller in the UK, and the all-new 308 is a highly credible alternative to the Volkswagen Golf. And now - or rather, next month at the 2014 Geneva Motor Show – there’s the new Peugeot 108 city car.
Saab unable to pay wages as financing crisis deepens
Fri, 24 Jun 2011Saab'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.
2012 Mercedes A-Class: First Sketch
Tue, 15 Mar 2011Mercedes A-Class - First Sketch This may well be the first sketch of the 2012 Mercedes A-Class, but with the 2012 A-Class likely to surface at the Shanghai Motor Show next month it seems highly likely we’re in for a run of ‘leaked’ information on the new baby Mercedes. This sketch of the 2012 A-Class is supposed to have ‘leaked’ from Mercedes, but we rather sense the antics of Mercedes PR. Which is exactly what you’d expect with a major launch at a major motor show looming.