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Saab secures more funds as it seeks to avert collapse
Mon, 27 Jun 2011Saab parent Swedish Automobiles has found another financial lifeline in China as the struggling carmaker faces possible legal action from unions over unpaid wages. In a statement this morning, Swedish Automobiles announced that an un-named Chinese firm has placed an order for 582 Saab vehicles, valued at 13 million Euro (£11.5m) with full pre-payment 'expected to be made this week'. Saab plans to use the funds to pay wages and begin partial payments to component suppliers in order to restart production. Saab's financial crisis: the current situation.
Porsche 918 Spyder laps the 'Ring in 6:57
Tue, 10 Sep 2013The stunning Porsche 918 Spyder was revealed at the Frankfurt motor show on Tuesday. The near million-dollar car has a price that's four and a half times higher than the Porsche 911 Turbo S. It was built to battle the new crop of supercars including the Ferrari LaFerrari and McLaren P1.
Tesla debuts Model X electric crossover
Fri, 10 Feb 2012Months before its sleek Model S sedan is even in showrooms, Tesla has rolled out its AWD Model X sort-of-non-SUV, the vehicle to come after that. Cheering throngs of supporters at Tesla's Los Angeles Design and Engineering Building woot-woot-wooted. And?