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Saab plea for Court Protection dismissed – owes €150 million to creditors
Thu, 08 Sep 2011Saab denied Court Protection - there seems no way out We hoped Victor Muller had found a way out of Saab’s financial woes by applying to the Swedish Courts for protection from its creditors while it waited for funds from China to arrive. But the application has hit a brick wall. The district court in Vanersborg said in a statement that there was no reason to believe protection and reorganisation would work for Saab.
Lotus Evora won't reach roads in the United States until 2010
Wed, 11 Mar 2009The guys in Europe will have first crack at Lotus's first all-new production car in more than a decade. Assembly of the Evora is under way, with deliveries of the 2+2 mid-engine coupe beginning in May. North American will have to sit tight until the Evora lands here early next year.
Porsche 918 Spyder (2013) at Frankfurt motor show
Mon, 09 Sep 2013This is the new Porsche 918 Spyder, and it’s just been unveiled on the eve of the 2013 Frankfurt motor show. The Porsche 918 Spyder is the successor to the legendary Carrera GT, uses a race-derived engine, hits 62mph in 2.8 seconds, and will reach 214mph. But the Porsche 918 Spyder is also very different to the Carrera GT, because it’s a hybrid and promises Toyota Prius-like levels of parsimony.