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The €2000 car

By Tim Pollard Motor Industry 15 June 2007 08:28 The market for bargain basement cars costing as little as €2000 (£1400) is about to grow dramatically. CAR Online is reporting from Bosch’s annual technology seminar all week – and we grilled the bosses at the world’s biggest components supplier to find out about the soaring demand for cars priced under €7000 (£4900). Bosch’s president of gasoline systems, Wolf-Henning Scheider, said: ‘According to our estimates, this vehicle class will reach a share of 13 percent of the world market in 2010.

New Saab 9-3 leaks – Saab’s future?

New Saab 9-3 leaks It makes a change to have a Saab story that isn’t more doom and gloom and financial meltdown, but it does seem a bit of a coincidence that an image of the new Saab 9-3 should surface on the day Saab reveals the Chinese investment plans to put Saab back on its feet. Still, casting our cynicism aside, the new Saab 9-3 will be a key part of the plans to revive Saab – but this leaked photo isn’t the first news we’ve had of the new 9-3. Apart from Victor Muller’s musings about Saab’s future, we saw a proper concept of the new 9-3 back at Geneva in the Spring when Saab called the Saab PhoeniX (the 9-3 Concept) an ‘Aeromotional Design’ and managed to allude to Saab’s background in fighter planes by saying the PhoeniX  ‘liquid metal’ forms and a dramatic jet canopy-inspired glasshouse’.

Pininfarina family to lose control of company

The Pininfarina family is set to lose its controlling share stake in the company as it takes a step closer to restructuring its €76 million net debt. The Italian design firm, founded in 1930, has been plagued with debt in recent years, shutting its manufacturing branch in 2011 to concentrate purely on design, ending a joint venture with Volvo that saw the company assemble Volvo's C70. The move is seen as a positive one for the company in the long-term, making it more financially secure for future developments, but it also means that the Pininfarina family will lose control of the company by selling its 77 percent share.