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GM to shut down Saab
Fri, 18 Dec 2009General Motors will shut down Saab after the automaker wasn't able to conclude a deal to sell the brand to Spyker Cars, GM said on Friday. “Despite the best efforts of all involved, it has become very clear that the due diligence required to complete this complex transaction could not be executed in a reasonable time," GM Europe president Nick Reilly said in a statement. "In order to maintain operations, Saab needed a quick resolution.
Magna Steyr MILA Coupic revealed
Wed, 29 Feb 2012Magna Steyr – an independent engineering and manufacturing company – will be revealing the MILA Coupic concept study at the rapidly-approaching Geneva motor show. The MILA Coupic, the sixth concept in the MILA innovation family, brings together three different vehicle concepts into one SUV coupe that can transform into a sporty pick-up or an open-air convertible. The concept is constructed using a combination of textile, glass, roof modules and seating technology.
Jaguar C-X75 Supercar close to production testing
Mon, 19 Mar 2012Jaguar C-X75 - ready to go testing The Jaguar C-X75 Supercar – a hybrid supercar developed with the help of Williams F1 – is said to be close to production testing. The stunning Jaguar C-X75 Concept Supercar was revealed in 2010 both to celebrate Jaguar’s 75th anniversary and to look at the futures possibilities for a resurgant Jaguar. Powered by four electric motors and a pair of micro-gas turbines, Jaguar said it had 780bhp at its disposal, could get to 62mph in 3.4 seconds, top out at over 200mph and run for 68 miles (in theory) on its batteries.