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Saab appoints North American administrator, prospects darken
Wed, 21 Dec 2011Saab has appointed an outside administrator to oversee its business in North America and the potential wind-down or sale of the company if its parent operations can’t emerge from bankruptcy. The move was announced on Wednesday afternoon by Saab North American COO Tim Holbeck as the company’s future remains uncertain. McTevia & Associates, a management and financial-consulting service with offices in suburban Detroit and Florida, is the administrator.
Kia to launch a new range-topping V8 saloon dubbed K9
Tue, 22 Mar 2011Kia will build their rumoured rear-wheel drive V8 saloon - but it won't come to the UK, sources in Korea have confirmed to CAR.Following the domestic badge hierarchy, this new range-topper would logically be called the K9. Perhaps that dog-inspired badge may explain why the car won’t come to Europe, but US sales are expected. Kia’s new range-topper: the ‘K9’ The new large Kia saloon was scheduled to be shown in 2011, but it has now been pushed back to a 2012 launch. The new saloon would sit above the front-drive 3.5-litre V6 K7/Cadenza saloon in the Kia line-up. CAR understands the new exec will be ready by May 2012. The K9 represents the first application of sister brand Hyundai's rear-drive technology from the Genesis and Equus. Expect Hyundai's 'Tau' V8 engine under the bonnet, along with the upcoming eight-speed automatic transmission which arrived in the Genesis R-Spec saloon at the 2011 Chicago auto show.
Volkswagen to buy Giorgetto Giugiaro’s Italdesign?
Thu, 20 May 2010The Morris Ital - one of Morris Ital by Giorgetto Giugiaro's greatest (sort of) It’s probably a fair bet – or at least was and has been for some time – that Volkswagen would be in the frame to buy an motoring asset that comes on the market. Especially if that asset is in trouble and an iconic name can be grabbed for a song – or less. Which explains why the names of VW and Giugiaro’s Italdesign are being linked together as the Italian designer appears to seek a car maker to rescue it from the woes of being an independent in these rather troubled times.