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Saab says asset sale to BAIC gives it cash for a fresh start
Mon, 14 Dec 2009Saab believes that a deal to sell some key assets to Beijing Automotive Industry Holdings Co. will help secure the money-losing automaker's future. "The money will finance the new Saab and contribute to a good start under new ownership," Saab spokeswoman Gunilla Gustavs said without revealing financial details of the deal.
Second Fisker Karma fire under investigation
Mon, 13 Aug 2012Investigators hired by Fisker Automotive are looking into a Fisker Karma plug-in hybrid sedan that caught fire on Aug. 11 in a suburb outside San Jose, Calif. This is the second instance of a fire involving a Karma in the last three months.
2014 China Design Schools League Report
Fri, 25 Apr 2014As well as recognizing the best student automotive design talent, Car Design Awards China also acknowledges the school whose students have had the most success in the competition. For the first time in the competition's five-year history, an award for Most Successful School was given, with the China Central Academy of Fine Art taking the inaugural win. The new category recognizes the institution that has entered the most prize winners and finalists into this year's competition, celebrating its excellence at nurturing the talent that is the life blood of the automotive industry.