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The Saab Saga – now it’s a share sale to raise cash

Saab Saab sell shares to GEM Global We’re not really sure we see how on earth the announcement from Saab that they are selling shares to raise funds is going to work. But we’ll report it anyway. The information we have is that Swedish Automobile is going to issue shares to help pay the outstanding bills it has, and to meet unpaid salaries for white collar workers.

Ford S-MAX Vignale Concept revealed

The Ford S-Max Vignale (pictured) arrives to top the S-Max range The arrival of the Ford Mondeo Vignale Concept last year made it clear Ford were ready to do a 21st century version of the ‘Ghia’ badge engineering to create a range-topping sub-brand with the Vignale badge with all the whistles and bells on it. Today’s arrival of the Ford S-MAX Vignale Concept reinforces that conclusion. Just like the Mondeo Vignale, the S-Max Vignale comes with plenty of upmarket materials and toys, like 21″ alloys, chrome mirror caps, Vignale Grill, embossed leather with quilting, tablet docking and a Milano Grigio paint job.

Chrysler is set to invest $500 million in Toledo Jeep assembly plant

Chrysler Group plans to invest $500 million in its Toledo North Assembly Plant and hire a second shift of workers over the next year to build a new Fiat-based SUV for Jeep, as well as other vehicles. "This plant has been chosen to build the future Jeep SUV to replace the current Jeep Liberty that will be exported to markets all over the world," CEO Sergio Marchionne said at the plant Wednesday. "Jeep is at the heart of our plans to internationalize Chrysler, a process which is being accelerated by Chrysler's access to Fiat's distribution capabilities in Europe and Latin America." Toledo North is Chrysler's only assembly plant with only one shift of workers.