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GM files plan for stock offering
Wed, 18 Aug 2010General Motors Co., moving to unwind itself from government control, on Wednesday filed plans to go public and begin selling common shares as early as this fall. The filing--anticipated for weeks--came just 13 months after GM was restructured in bankruptcy with $50 billion in direct aid from the U.S. government.
Land Rover hits new sales record as UK car manufacturing rises
Sun, 18 Mar 2012Land Rover sales hit a new record as UK car manufacturing rises Land Rover has had its best ever sales month in February as sales at JLR hit 32,257, and the UK car industry saw a 23.5 per cent rise in production. Last week we reported on the doom and gloom in car manufacturing and sales in Europe with sales of mainstream cars falling away and troubled economies – like Italy and France – recording drops of 20 per cent in sales during February. Fortunately, the same isn’t happening in the UK.
Saab steps up green drive
Sun, 03 Jun 2007By Mark Walton Motor Shows 03 June 2007 01:58 Saab goes bio-power crazy Saab is celebrating its 60th anniversary this year with a further push into the very topical biofuels arena, and Geneva showcases two new examples of the Swedes' growing green commitment. First is the new 9-3 Biopower, a full range of saloon, estate and convertible 9-3s, all powered by a 1.8-litre turbocharged engine that's been modified to run on both unleaded and E85 (85 percent ethanol, 15 percent petrol). The mechanical changes include hardened valves and valve seats, and a new stainless steel fuel tank and ancilliaries, adding up to what's expected to be a £600 premium in the showroom over the standard 9-3.