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Saab owners Spyker NV to become Swedish Automobile NV
Mon, 23 May 2011Is the rain coming to an end at Saab? In the seemingly never-ending saga of Spyker and Saab it does now seem likely that the deal we reported last week with Chinese distributors Pang Da is going to pan out. The messy-looking deal with Pang Da has seen the beleaguered Dutch car maker receiving €30 million already from the cash-rich Chinese, which it’s using to pay-off its suppliers in an attempt to get production lines rolling again in Trollhattan.
Mercedes MLC: Coupe M-Class coming in 2015
Sun, 24 Jul 2011The 2015 Mercedes MLC - a coupe Mercedes ML You didn’t think Mercedes could ignore the unexpected success of the BMW X6, did you? Well, they can’t, so they’re planning a coupe version of the ML for 2015 – the Mercedes MLC. Big car news in the U.S – and jobs news, too – is that Mercedes are investing a not insignificant $2 billion in their production facility in Spartanburg, South Carolina, to up production of Mercedes for the North American market.
Ford speeds up effort to cut vehicle platforms
Wed, 11 Jan 2012Ford Motor Co. is accelerating its One Ford global product development plan by reducing its target for vehicle platforms worldwide to nine from 11 previously, and by moving the target date up to 2013 from 2014, global marketing chief Jim Farley said Wednesday. "It won't be 11 platforms" as earlier planned, Farley said at the Automotive News World Congress.