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Saab unions threaten bankruptcy action over unpaid wages

Unions at Saab, which is unable to pay wages to its workers, threatened today to start a legal process that could end in bankruptcy for the iconic brand. The IF Metall and Unionen groups said they would send a formal demand for payment on Monday if their members had not received their wages. "Then the company has seven days to react," IF Metall representative Veli-Pekka Saikkala told Reuters.

What's New - January 2006

Volvo S80     Volvo has released pictures of the second-generation S80, a model series which when first launched in 1998 revived the Swedish brand with less slab-like, more expressive styling. This new model evolves those themes, and with it now carries Volvo's compact V8 that first appeared in the XC90 SUV last year. With 315PS put to the road through all four wheels, it will be Volvo's spearhead for penetrating the crucial American market and luring 35,000 new owners each year.

Red-hot VW Golf R400 is headed for production

If you thought the Volkswagen Golf R400 concept displayed at the Beijing auto show seemed suspiciously like a real product -- you know, one you'll someday be able to buy rather than something trotted out to tease the world's enthusiasts -- you were on to something. VW says a production version of the car is in the works. We should clarify: We didn't get confirmation of that, exactly.