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Saab appoints North American administrator, prospects darken
Wed, 21 Dec 2011Saab has appointed an outside administrator to oversee its business in North America and the potential wind-down or sale of the company if its parent operations can’t emerge from bankruptcy. The move was announced on Wednesday afternoon by Saab North American COO Tim Holbeck as the company’s future remains uncertain. McTevia & Associates, a management and financial-consulting service with offices in suburban Detroit and Florida, is the administrator.
Fisker Karma looks set to cost £100k in the UK
Sun, 22 Jan 2012Fisker Karma looks set to cost £100k in UK Despite indications that the Fisker Karma would cost between £70-80k in the UK, it now looks like that will be £100k plus. We have to congratulate Henrik Fisker on getting Fisker Karma to market – it’s an immense achievement. But is the Fisker Karma pricing itself out of the market?
Shake-up at Tesla; a dozen UK orders
Thu, 16 Oct 2008By Tim Pollard Motor Industry 16 October 2008 11:22 Electric car start-up Tesla is restructuring its US operation and laying off around 100 staff, as the credit crunch continues to make life difficult for car companies big and small. It’s now on its fourth CEO in 12 months, as founder Elon Musk takes over from Ze’ev Drori. In an announcement on the chief exec’s blog, Tesla Motors said it would be ‘cash-flow positive’ within six to nine months – but only by increasing production and cutting operating costs.