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Saab increase pay for Board members as Swedish Debt Office circles
Fri, 19 Aug 2011Saab Meltdown gets closer It never rains, but it pours. And for Saab and Victor Muller it has been a year or more of almost unbroken storms, punctuated with just the odd ray of financial sunshine as Victor Muller combs the planet for investors to stake a claim in his chocolate teapot company. There has been no production at Saab of any consequence since April; many suppliers still remain unpaid despite substantial injections of cash from Chinese buyers; wages have not been paid and now, just to rub salt in the wound, it’s been revealed that board members received pay rises of up to 650 per cent in 2010.
Renault spy scandal: Former COO 'had to leave'
Tue, 30 Apr 2013Patrick Pelata fell on his sword to save his boss and friend -- and maybe his company. Pelata, often called one of the industry's best product strategists, was part of a small team of executives Carlos Ghosn brought to Nissan Motor Co. in 1999 after Renault bought a controlling stake in the Japanese company.
SoCal Speed shop wins AMBR award as hod-rodding returns to its roots
Mon, 30 Jan 2012In a competition that "took hot-rodding back to its SoCal roots," the SoCal Speed Shop--the entity founded by original hot-rod hero Alex Xydias and now helmed by Pete Chapouris--finally won the AMBR. That's AMBR, as in, America's Most Beautiful Roadster, the most sought-after title in all of hot-rodding and the crowning glory of the Grand National Roadster Show. There is that competition at the Detroit Autorama that hands out the Ridler Award, but that is open to all manner of kustom kars.