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Saab seeks court protection from creditors
Wed, 07 Sep 2011Saab is filing for protection from creditors from a Swedish district court, the automaker's owner, Swedish Automobile, said Wednesday. Saab is seeking court approval for a voluntary reorganization to secure short-term stability while it waits for funding from Chinese investors Pang Da and Zhejiang Youngman, Swedish Automobile said in a statement. Victor Muller, CEO of both Saab and Swedish Automobile, said in a statement: "We have concluded that a voluntary reorganization process will provide us with the necessary time, protection and stabilization of the business, allowing salary payments to be made, short-term funding to be obtained and an orderly restart of production to be prepared." Muller remains optimistic about Saab's future.
Ford GT40 prototype sold for £4.2 million
Wed, 23 Apr 2014One of four original Ford GT40 racer prototypes has sold at auction in the US for a staggering $7 million. That's £4.2 million. The Ford GT40 is famous for several things – being the product of Ford’s frustrated attempt to buy Ferrari, becoming an enormously successful Le Mans winning racing car and standing just 40 inches tall.
Aston Martin DB Junior Convertible is a fully functioning, petrol-powered toy Aston (video)
Sat, 01 Feb 2014The Aston martin DB Junior Convertible (pictured) – for the child who has everything If you’re an Aston Martin fan and you have children there’s now the perfect way to get them on-side with your love of Astons- buy them the Aston Martin DB Junior Convertible from Aston Heritage dealers Nicholas Mee & Co. For a not insignificant £16,500 (thankfully including VAT) Nicholas Mee will give you a fully functioning, petrol-powered toy Aston Martin Db Convertible with composite coachwork, leather or vinyl upholstery, a wood-rimmed steering wheel and hydraulic disc brakes. The Db Juniot measure 2500mm long and is 1030mm wide and gets its power from a 110cc four-stroke engine, complete with electric start, which can get the DB Junior to 46mph (although you can restrict it) and comes with proper grown-up car stuff like Brembo disc brakes, 3-speed semi-auto ‘box, indicators and lights.