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Hyundai Genesis, Ford F-150 win awards at the Detroit auto show
Sun, 11 Jan 2009On Sunday of the Detroit Auto Show, Hyundai Genesis won the 2009 North American Car of the Year award, nipping the Ford Flex by a miniscule nine-point margin. The redesigned Ford F-150 pickup, the odds-on favorite in the truck category, was named 2009 North American Truck of the Year. Genesis beat out the Flex and the third-place finisher, the Volkswagen Jetta TDI, despite being the first Korean car ever nominated for the award.
GM's Henderson says no decision yet on bankruptcy
Fri, 17 Apr 2009General Motors CEO Fritz Henderson said today the company has not decided whether to file for bankruptcy protection, but that preparations continue in case such an action is necessary. "We have until June 1, and if we can't do it between now and June 1 then we do it in bankruptcy," Henderson said during a morning teleconference with journalists. Still in his first month at the helm after the March 30 departure of CEO Rick Wagoner, Henderson said he wasn't sure who would make the decision.
Saab gets more cash from China partner
Wed, 01 Jun 2011Saab has received another cash boost from its new China partner Pang Da with an additional order for 630 cars, worth 15 million euros or $21.7 million at current exchange rates. The order comes on top of an order for 1,300 cars worth $43.3 million (30 million euros) received by Saab from Pang Da in May. The Chinese company will pay in advance for the order and delivery of the vehicles will start in the third quarter, Saab said.