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Lorry driver strikes could stall new car deliveries
Thu, 13 Mar 2014Darren Staples | Newscom | RTR Stobart Automotive transporter drivers are considering taking industrial action, which could result in a national shortage of new cars. The company delivers cars for a wide variety of manufacturers including Jaguar Land Rover and Volkswagen Group. Unite trade union has warned that Stobart Automotive needs to make progress in talks tomorrow to prevent workers from striking.
Saab: China’s Pang Da & Youngman to invest $7.5 billion. UPDATED
Mon, 31 Oct 2011Saab: China to invest $7.5 billion Update: We have now been told by Saab that Pang Da and Youngman are to provide €50 million immediately and €600 million for short to medium finance. Funding for the revised business plan and provide long-term financial stability the new Chinese owners have also budgeted funding for the planned expansion of Saab Automobile’s portfolio and additional operations to be set up in China There will be a reduction of 500 in the employee numbers. Sales targets for 2012 of 35-55,000 cars and 2013 of 75-85,00 and long-term of 200,000 cars a year Interestingly, Saab says that ‘Saab Automobile has not received the funds from Pang Da and Youngman that have been committed for today.’ Oh, well. Although the deal which will see Saab sold to China’s Youngman and Pang Da is still subject to a raft of approvals – Swedish Debt Office, EIB, GM, Chinese Government… – it seems the Chinese have big plans to invest up to $7.5 billion in Saab in the coming years.
Bentley Continental GTC Speed (2009) first pictures
Tue, 06 Jan 2009By Ben Pulman First Official Pictures 06 January 2009 10:58 This is Bentley’s facelifted Continental GTC and the mid-life tweakery completes Crewe’s revisions to its Continental range. The changes also usher in the higher-power 600bhp Speed model, which Bentley predicts will account for two-thirds of GTC sales. It's also the car Bentley denied they'd build when we scooped the GTC Speed last year!The new Continental GTC range will be on display at next week's Detroit 2009 motor show.