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Saab's finance struggle: the latest news
Fri, 13 May 2011Time appears to be running out for Saab, which hasn't built a single car since 1 April. And the hunt for new investors intensified this week as a deal worth more than £100 million with a Chinese partner collapsed. Trollhattan factory has been idle since 1 April, halted by cashflow issues which saw suppliers withold parts in response to unpaid bills.
Koenigsegg backs out of deal to buy Saab
Tue, 24 Nov 2009Swedish exotic-car maker Koenigsegg Group has canceled plans to buy Saab from General Motors. GM announced that the deal was off on Tuesday and gave no reason why the deal fell apart, nor did the automaker say what would happen to Saab. In a statement, GM CEO Fritz Henderson said: "We're obviously very disappointed with the decision to pull out of the Saab purchase.
Hyundai i30 Tourer gets five-star Euro NCAP
Sat, 20 Oct 2012The latest version of Hyundai’s i30 Estate – the Hyundai i30 Tourer – has gained a five-star Euro NCAP safety rating – the same as the i30 hatch. Hyundai has placed plenty of emphasis on the safety stuff in their cars too, with the i30, i20, ix35, ix20, i40, Veloster and latest i30 all getting a five star Euro NCAP rating. And now the new i30 Tourer has joined the gang with its very own top rank safety rating.