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Saab says three new models are in the works
Tue, 05 Jul 2011Saab says a new financial deal with Chinese companies Pang Da and Zhejiang Youngman Lotus gives it the cash to plan three new models. Saab's plan calls for: -- The 9-1, an entry-level car that has been known as the 9-2 until now. -- The 9-6 and the 9-7, which Saab says will be prestige vehicles.
McLaren P1 Track confirmed as McLaren Automotive goes in to profit
Wed, 04 Jun 2014McLaren are building a track version of the P1 (pictured) for P1 customers only It’s only three years since McLaren Automotive entered the hugely competitive market for high-end supercars (well, it’s four years, but only three since the first 12C went to a customer), but it’s already in profit. McLaren made an operating profit in 2013 of £12.4 million (and a pre-tax of £4.4 million) on sales of £284.4 million and did so – as predicted – by hitting their sales targets – McLaren sold 1359 12Cs and 36 of the McLaren P1 hypercar. And that looks to be just the start.
Fiat 500X: A sneak peek at Fiat’s 500 SUV
Wed, 04 Jul 2012The Fiat 500X is an SUV based on the same platform as the 500L, and we’ve got a sneak peek of it at a press event in Italy. Fiat are determined to extend the 500 franchise with an extended range of models, such as the Fiat 500L we saw officially launched earlier today. Next up will be the Fiat 500X, a crossover come SUV based on the same Punto platform as the new 500L and aimed at the same market place as the MINI Countryman.