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Volvo City Safe means lower insurance preniums for Volvo driversThu, 25 Jul 2013Volvo’s City safe has reduced insurance premiums for Volvo owners Volvo are on a mission to ensure that no one dies or is seriously injured in a Volvo by 2020, and that means more and more clever technology to protect Volvo drivers from the dangers of driving. One of those technologies is Volvo’s City Safe, a low speed (up to 31mph) collision avoidance system, that uses a laser at the top of the windscreen to monitor traffic and will automatically brake the car if its senses no reaction from the driver when a collision is imminent. So good is City Safe that Thatcham – the people who set insurance groups for cars – has decided Volvos fitted with City Safe should be rated in a lower group. New Land Rover Defender: Revised DC100 at Los Angeles Motor ShowMon, 31 Oct 2011The New Land Rover Defender DC100 Concept We had the first view of the new Land Rover Defender – the Land Rover DC100 Concept – at the Frankfurt Motor Show last month. And of its sport derivative, the Land Rover DC100 Sport, too. But Land Rover made it clear that the DC100 is a work in progress, and that they were looking for feedback as the quest to replace the Defender with a 21st version gathers speed over the coming years. Saab unable to pay wages as financing crisis deepensFri, 24 Jun 2011Saab's money troubles have worsened to the point that the struggling car maker is unable to pay its employees' wages on the eve of the Swedish mid-summer vacation period.In a brief official statement last night, Saab's parent company Swedish Automobile N.V (formerly Spyker Cars) announced that it was 'will be unable to pay the wages to employees as it has not yet obtained the necessary short-term funding.' While Swedish Automobile and Saab continue to pursue options for securing short-term financing to solve the cashflow crisis, the company admitted 'there can however be no assurance that these discussions will be successful or that the necessary funding will be obtained.' Saab share prices tumble, Swedish government will not intervene Reaction to the worsening financial crisis from stakeholders has been predictably bleak. Swedish Automobile's shares dropped 61% in value yesterday, and are currently trading at 0.948 euro. The Swedish government, already guaranteeing a €400m loan to Saab by the European Investment Bank, shows no inclination to bail-out Saab, which employs 3800 staff. 2040Parts.com © 2012-2024. All Rights Reserved. Designated trademarks and brands are the property of their respective owners. Use of this Web site constitutes acceptance of the 2040Parts User Agreement and Privacy Policy. 0.105 s, 11800 u |