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Saab files for reorganization, seeks $1 billion to survive
Fri, 20 Feb 2009Saab is seeking $1 billion (793 million euros) to be self-financing, the company said on Friday after it filed for reorganization under a self-managed Swedish court process. The General Motors-owned Swedish brand said it will work "to create an independent business entity" and will concentrate production, design and engineering in Sweden. Saab said it would continue to operate as normal during the reorganization process, with GM and the Swedish government providing some support.
Onyx Concept to feature Range Rover Aspen Ultimate Series at SEMA
Wed, 30 Oct 2013Irish tuning firm Onyx Concept will be taking its lineup of cars to SEMA, and we have a feeling the company's Range Rover Aspen Ultimate Series will fit right in in Las Vegas. Onyx Concept is not as old as the old as some of the other European tuning houses, but they've already made waves with their the tuning programs for the cars that they have offered. The Range Rover Aspen Ultimate Series is not going to be all show and no go, even though we have to admit that we didn't think it was going to be easy to improve upon the supercharged Range Rover's stock output of 505 hp.
Jeep Cherokee now on sale – UK Jeep sales set to double
Tue, 24 Jun 2014The new Jeep Cherokee (above) is now on sale in the UK Jeep may have the sort of SUV, off-road credibility as Land Rover, but they’ve failed miserably to make the most of that in recent years, particularly on this side of the Pond. But things are changing for Jeep, and the arrival of the new Jeep Cherokee – with it’s contentious, but individual, looks – promises to give Jeep a real shot in the arm in its quest to rebuild sales in the UK. With a choice of two diesel engines – 140 hp and 170 hp versions of the 2.0 litre diesel – a choice of four trim levels - Longitude, Longitude+, Limited and Trailhawk – and a 3.2 litre petrol engine for the hardcore Trailhawk version (available from the end of 2014), Jeep has a strong offering.