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VW Polo GTI and harder Golf GTI Wörthersee 09
Wed, 20 May 2009By Tim Pollard First Official Pictures 20 May 2009 16:34 Volkswagen today unveiled two hot hatch surprises at the 2009 Wörthersee hot hatch festival: a potential Polo GTI and a harder, faster Golf GTI, likely to give clues to the R model tipped by CAR for launch later this year. Both models pictured here are concepts at this stage. The Golf GTI Wörthersee 09 edition gains cosmetic and modest engineering mods.
Chinese bank may join Saab rescue deal
Mon, 05 Dec 2011Saab's owner, Swedish Automobile, said on Monday it is discussions with a bank in China and Chinese automaker Zhejiang Youngman Lotus Automobile over a rescue deal for Saab. Reports had said on Sunday that the Bank of China would replace China's Pang Da as an investor in Saab, which is under bankruptcy protection. Swedish Automobile confirmed Monday that it is talking with Youngman and a bank in China about an equity interest, but did not name the bank.
Fritz Henderson removed as GM CEO
Tue, 01 Dec 2009General Motors' board of directors ousted CEO Fritz Henderson after eight months, saying it wanted to chart a new course as the biggest U.S. automaker pushes ahead with its restructuring. Chairman Ed Whitacre, 68, will succeed Henderson on an interim basis while a search for a new president and CEO starts immediately, Whitacre said at a press conference on Tuesday.