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Lotus Cars prepares to hire Lutz, Purves as advisers, sources say
Tue, 29 Jun 2010Lotus Cars Ltd. is poised to tap former General Motors Co. product guru Bob Lutz and retired BMW executive Tom Purves to advise the British niche carmaker on a five-year turnaround plan.
Saab files for bankruptcy: the end of the Swedish saga
Mon, 19 Dec 2011Saab has reached the end of the road - for the second time in two years, just before Christmas. Parent company Swedish Automobile today announced that Saab had filed for bankruptcy. Owner and acting CEO Victor Muller had been trying to sell Saab as a going concern and had come close to signing a deal with Chinese car makers Pang Da and Youngman, but the deal was blocked by former owner General Motors which feared its technology - powering the new 9-5, plenty of the 9-3 range and the 9-4X - would fall into opposition hands in China.
Koenigsegg One:1 – 1400 hp & 280mph
Mon, 30 Sep 2013Koenigsegg One:1 (pictured) 1400 hp & 280mph In a wide ranging interview – in which Bloomberg compare Christian to a benevolent Bond villain – Christian reveals that plans for the One: 1 have moved on in the last year, and what he has in store is impressive indeed. The Koenigsegg One:1 will come with 1,400 horses – more than we imagined – and it will indeed boast one hp for every one kilogram. But that weight is a weight including all fluids and even the driver.