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Benicia, California, US
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Saab calls off deal with Chinese automaker
Thu, 12 May 2011Saab parent Spyker Cars NV said Thursday that a strategic partnership deal with China's Hawtai Motor Group that would provide cash to help Saab turn around its business has been terminated. As a result, Saab may enter into a new strategic partnership with Hawtai or another Chinese party on manufacturing, technology and distribution in China, Spyker said in a release. "Since it became clear that Hawtai was not able to obtain all the necessary consents, the parties were forced to terminate the agreement with Saab Automobile and Spyker with immediate effect.
Toyota Prius V
Tue, 11 Jan 2011Toyota is keen to expand the Prius brand. The company will introduce a multitude of variants in the coming years and the Prius V, unveiled at the 2011 NAIAS, is the first expansion to the family. Retaining the familiar Prius features, the V simply sharpens up elements over the existing sedan.
Lotus terminate Dany Bahar – Aslam Farikullah takes the Lotus reins
Fri, 08 Jun 2012To no one’s surprise, DBR-Hicom – owners of Lotus – have terminated Danny Bahar’s employment and replaced him with Aslam Farikullah. The tenure of Dany Bahar at Lotus has not been an easy one. But now it’s over with DBR-Hicom ending Bahar’s supension with a termination of his employment.