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De Tomaso bites the dust – again
Sun, 08 Jul 2012De Tomaso has filed for bankruptcy again after failing to complete any of the deals Gian Mario Rossignolo had claimed would save the brand. De Tomaso has never had a an easy time of things despite building a few cars – well, the De Tomaso Pantera, at least – which had real appeal. After its last bankruptcy, former Fiat executive Gian Mario Rossignolo rode in as a white knight to put De Tomaso back on top – or so we thought.
Schreyer: Cross GT is a sign of things to come
Mon, 11 Feb 2013Peter Schreyer, Kia's president and global design boss, makes no bones about it--the Cross GT is a harbinger of future style for the Korean company's large crossovers. "You'll certainly see things showing up," he told me at the Chicago auto show, where the concept was revealed. It's a large ute, measuring 192.8 inches, which is 8.4 inches longer than the Sorento.
News watch November 2011: today's auto industry news
Tue, 29 Nov 2011Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Tuesday 29 November 2011• Saab's UK division today filed for administration as it waits for funding from its would-be Chinese investors (Automotive News Europe) • In a statement, Saab GB said: 'Saab Great Britain Ltd filed for administration with the High Court in London... The board of Saab GB is of the opinion that administration gives the company and creditors the necessary legal protection until the required funding for the company has been secured'• Frantic negotiations continue between Saab owner Swedish Automobile and its Chinese suitors, Youngman and Pang Da, which signed an MOU to buy Saab for €100 million.