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New Nissan Altima guns for bigger slice of midsize-sedan segment
Wed, 16 May 2012Nissan North America has launched production in Tennessee of the redesigned 2013 Altima sedan that it hopes will challenge the family-sedan supremacy of the Toyota Camry. "We didn't put all of the investment into this product and put in all the features with an expectation to be No. 2," said Bill Krueger, vice chairman of Nissan Americas, after the first 2013 model rolled off the line in Smyrna, Tenn., on May 15.
Subaru Stella
Tue, 20 Jun 2006Fuji Heavy Industries, manufacturer of Subaru vehicles and aerospace-related products, today announced the introduction of the Subaru Stella, an all-new mini car for the Japanese market. The Stella follows the 'Think.Feel.Drive' message delivered by the Subaru B5-TPH concept at the Tokyo Motor Show last year, albeit in somewhat less glamorous clothes. It does, however, similarly tap into the popularity of 'green' cars, boasting the class?s most efficient engine.
Saab on brink of closing after GM rejects rescue plan
Mon, 19 Dec 2011Saab Automobile filed for bankruptcy on Monday and is on the brink of shutting for good after former owner General Motors rejected a rescue plan. The move sets the scene for the end of Saab's struggle to survive after months of hastily drawn-up deals for a company that hasn't made a vehicle in months. The latest plan involved Chinese automaker Zhejiang Youngman Lotus Automobile, but this was vetoed by GM, still a key Saab supplier, over the weekend "After having received the recent position of GM on the contemplated transaction with Saab Automobile, Youngman informed Saab Automobile that the funding to continue and complete the reorganization of Saab Automobile could not be concluded," Saab's Dutch owner, Swedish Automobile, said in a statement.