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Gibbs begins production of Quadski amphibious ATV
Tue, 13 Nov 2012During our test of the Gibbs Quadski, a high-speed amphibious ATV manufactured by Gibbs Sports Amphibians Inc., representatives stated that the first production vehicles would be ready for sale by mid-November. The company seems to have made good on that promise. According to a statement, the first production Quadskis were completed earlier today at an Auburn Hills, Mich., factory.
BBC probe Top Gear 'practices'
Wed, 06 Aug 2014THE BBC has held an internal investigation into Top Gear after a string of controversies involving the hit motoring show. The Guardian said that a report examining its "culture and practices" has been sent to director of television Danny Cohen and that people working on the show were asked if they thought it was racist. The show was found to have breached Ofcom's broadcasting rules last month over a ''racial'' term used by presenter Jeremy Clarkson.
Saab: China’s Pang Da & Youngman to invest $7.5 billion. UPDATED
Mon, 31 Oct 2011Saab: China to invest $7.5 billion Update: We have now been told by Saab that Pang Da and Youngman are to provide €50 million immediately and €600 million for short to medium finance. Funding for the revised business plan and provide long-term financial stability the new Chinese owners have also budgeted funding for the planned expansion of Saab Automobile’s portfolio and additional operations to be set up in China There will be a reduction of 500 in the employee numbers. Sales targets for 2012 of 35-55,000 cars and 2013 of 75-85,00 and long-term of 200,000 cars a year Interestingly, Saab says that ‘Saab Automobile has not received the funds from Pang Da and Youngman that have been committed for today.’ Oh, well. Although the deal which will see Saab sold to China’s Youngman and Pang Da is still subject to a raft of approvals – Swedish Debt Office, EIB, GM, Chinese Government… – it seems the Chinese have big plans to invest up to $7.5 billion in Saab in the coming years.