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Saab: Muller seeking €600 million Chinese Bank loan to placate GM
Thu, 08 Dec 2011Saab €600 seeking million China Loan Victor Muller is seeking a €600 million loan from a Bank in China to allow Saab to survive and circumvent GM’s objection to Chinese ownership. We’re not sure if this is ‘Plan B’ or whether we’re way beyond that now. But the latest ‘Save Saab’ pitch from Victor Muller is to acquire a €600 million loan from a bank in China to save Saab.
2013 Ford SVT Raptor to offer more off-road options
Tue, 26 Jun 2012Ford will offer some unique upgrades for its off-road terror, the F-150 SVT Raptor, in the 2013 model year. According to Ford, the truck will offer an industry-first—beadlock wheels direct from the factory. Beadlocks allow the driver to secure the edges of the tire to the wheel by clamping the tire between the wheel and a beadlock ring kit from Ford Racing.
Elon Musk says NYT story cost Tesla $100 million
Mon, 25 Feb 2013Tesla CEO Elon Musk told Bloomberg TV on Monday that the recent negative New York Times review of the Model S sedan decreased the company's stock-market value by as much as $100 million. The NYT-Tesla saga began on Feb. 8 with reviewer John Broder recounting the tale of how he was stranded when the Model S didn't live up to its 300-mile claimed range.