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Saab secures more funds as it seeks to avert collapse
Mon, 27 Jun 2011Saab parent Swedish Automobiles has found another financial lifeline in China as the struggling carmaker faces possible legal action from unions over unpaid wages. In a statement this morning, Swedish Automobiles announced that an un-named Chinese firm has placed an order for 582 Saab vehicles, valued at 13 million Euro (£11.5m) with full pre-payment 'expected to be made this week'. Saab plans to use the funds to pay wages and begin partial payments to component suppliers in order to restart production. Saab's financial crisis: the current situation.
Bugatti Veyron ‘Ettore Bugatti’ is the last ‘Les Légendes de Bugatti’ special
Thu, 07 Aug 2014The Bugatti Veyron ‘Ettore Bugatti’ (pictured) pats tribute to Bugatti’s founder The Bugatti Veyron is coming very close to the end of its life, and this Veyron – the Bugatti Veyron ‘Ettore Bugatti’ – is the last in the series of Bugatti ‘Legends’ Special Editions and is, appropriately, dedicated to Bugatti’s founder – Ettore Bugatti. Just as the previous ‘Legends’ Editions of the Veyron – like the Veyron Black Bess, Veyron Meo Costantini and the Veyron Jean-Pierre Wimille - the Ettore Bugatti car is based on the Veyron Grand Sport Vitesse. As such, it offers open-top motoring with a top speed of 254mph, 0-62mph in 2.6 seconds and 1184bhp from its 8.,0 litre W16 engine.
New Mercedes S Class starts production – & reveals the new S 63 AMG
Sat, 15 Jun 2013A new Mercedes S 63 AMG coming off the production line Last month we finally had the reveal of the new 2014 Mercedes S Class and it’s now started production in Sindelfingen in Germany. Which is what you’d expect. What you wouldn’t expect is that Mercedes would release a video (below) to accompany the news and manage to reveal a car that’s not yet been officially shown – the new Mercedes S 63 AMG – in the process.