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Saab: Vlad Rides to the Rescue
Sat, 16 Apr 2011Vladimir Antonov rides in with €30 million for Saab's coffers It was always an odd move by GM, or the Swedish Government, or whoever it was that decided the deal for Spyker to buy Saab could only go through if Spyker’s money man – Vladimir Antonov – stepped down. It’s understandable if you have genuine concerns about the credentials of a party to the deal, but taking Vlad out of the equation was an accident waiting to happen. Without Vlad there was no financial safety net for Saab.
2012 Ford B-Max beats the competion on economy & emissions
Thu, 09 Feb 2012The 2012 Ford B-Max has sector best economy and emissions With the 2102 Ford B-Max due to debut in production guise at Geneva in a few weeks, Ford are claiming sector best emissions and economy. Just last week we had the first photos of the production version of the 2012 Ford B-Max, heralding the arrival of Ford’s new compact MPV at Geneva 2012, ahead of its arrival in Ford showrooms in the Summer. Now Ford are keen to let us know that the B-Max isn’t just a cleverly designed and decent-looking MPV, but it’s got the competition nailed with class-leading figures for economy and emissions.
Saab owner and Chinese investors continue talks regarding takeover deal
Tue, 15 Nov 2011Talks between Saab's owner Swedish Automobile and two Chinese investors on a takeover deal to rescue the ailing carmaker will continue even though a memorandum of understanding signed by the parties only runs until Tuesday, Saab said. "They (the parties) are still in discussions about the structure of the deal going forward and they are continuing their cooperation as if the memorandum of understanding continues," Gunilla Gustavs, a Saab spokeswoman, told Automotive News Europe. The Chinese companies, Pang Da Automobile Trade Co.