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Future products: New flagship and a compact are coming to Cadillac
Tue, 10 Aug 2010The Cadillac XTS Platinum concept may have screamed "flagship" at this year's Detroit auto show. But Cadillac already is looking at a more luxurious car--authorized by the boss himself. This year General Motors Co.
Jaguar Land Rover Special Operations buys world’s biggest British car collection
Fri, 25 Jul 2014James Hull’s British car collection – new owned by Jaguar Land Rover News watchers and petrolheads may be aware that the world’s biggest collection of British cars has been up for grabs recently as its owner – cosmetic dental guru James Hull – decided he wanted to see his collection in new, safe hands after a run of health problems. And now it has a new owner. James Hull has sold his entire collection to Jaguar Land Rover’s Special Operations in a deal that secures the collection’s future – and keeps it in the UK – for a price that is doubtless well below the much-vaunted £100 million it’s though to be worth.
Saab says it will restart production after securing short-term loan
Mon, 02 May 2011Saab aims to restart production within a week after its owner, Spyker Cars, secured a 30 million euro ($44.7 million) short-term loan to help ease its cash crunch. Spyker said it will borrow the money from Gemini Investment Fund in a convertible loan agreement with a 6-month maturity. The interest rate of the loan is 7 percent a year and the conversion price is 4.88 euros per share.