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Pininfarina takeover would boost Magna expertise in key areas
Wed, 24 Nov 2010Magna International Inc. would become a stronger competitor for design and development jobs if it takes over struggling car styling and engineering firm Pininfarina S.p.A., executives say. “Magna badly needs design competence, and Pininfarina has top staff,” said Paolo Tumminelli, CEO of Goodbrands GmbH, a brand and marketing consultancy based in Cologne, Germany.
GM EN-V concepts (w/ Gallery)
Wed, 24 Mar 2010General Motors, and its Chinese partner SAIC, revealed three two-seat personal mobility concepts in Shanghai today. Called the EN-V – an acronym for Electric Networked-Vehicle – the Xiao (Laugh), Jiao (Pride) and Maio (Magic) models embody different characteristics for future transportation. The Jiao (top image) was designed at GM Europe while the Miao (bottom left) was created at GM's Advanced Design Studio in California, and the Xiao (bottom right) was designed by GM Holden's design team in Australia.
Saab says it will restart production after securing short-term loan
Mon, 02 May 2011Saab aims to restart production within a week after its owner, Spyker Cars, secured a 30 million euro ($44.7 million) short-term loan to help ease its cash crunch. Spyker said it will borrow the money from Gemini Investment Fund in a convertible loan agreement with a 6-month maturity. The interest rate of the loan is 7 percent a year and the conversion price is 4.88 euros per share.