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Spyker attempting to sell Saab real estate in money-raising move
Tue, 12 Apr 2011The next chapter in the Saab cash crunch appears to involve Spyker selling Saab real estate to an unnamed financial institution, with the automaker leasing the property back for its operations. Saab has been forced to shut down production twice in the past few weeks in the wake of unpaid supplier bills, raising concerns that Dutch owner Spyker may be facing a liquidity crunch. The latest move is likely aimed at freeing capital for the automotive operations while the company negotiates for a loan with the help of the Swedish government.
Citroen Cactus stars at the 2013 Frankfurt Motor Show
Wed, 11 Sep 2013Citroen's big news at the 2013 Frankfurt Motor Show was the launch of the Cactus concept car. This spikily named show car is more than just a wacky concept - the Citroen Cactus marks the relaunch of the French brand's bread-and-butter cars. Struck by the success of the DS models, it's now hoping to achieve similar success with a rejuvenated range of C-line models.
Car Design News Awards: Nissan IDx and BMW i3 named best Concept and Production cars
Wed, 05 Mar 2014The Nissan IDx and BMW i3 were the recipients of Car Design News' Car Designs of the Year Awards in Geneva last night. This year, for the first time, our Car Design of the Year Awards were voted for by a jury of 12 professional car designers, adding an extra layer of gravitas. Nissan's VP and chief creative officer Shiro Nakamura was at the Car Design Night event at Bypass in Geneva to accept the award.