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Saab funding from China likely delayed. Gets loan from North Street Capital
Thu, 20 Oct 2011Saab gets funds from North Street Capital Last week we had Saab and their Chinese ‘backers’ getting in a bit of a muddle over funding. Which is what we’ve come to expect. Saab were adamant that the quote attributed to the Pangda Chairman that the Saab deal was no longer valid was a ‘misunderstanding’.
First Sight: Volkswagen Iroc concept
Mon, 28 Aug 2006The Iroc is a show car preview of a production coupe to be launched next year that will fill a gap in the Volkswagen model line up left by the demise of the Corrado 11 years ago. Volkswagen describe the Iroc as "transferring the globally successful Scirocco idea into the future" - the Scirocco Mk1 by Giugiaro being produced from 1974-1982, the Mk2 from 1982-1992. Like the Scirocco, the Iroc is a front wheel drive coupe with four seats - as opposed to the 2+2 seating arrangement of the only other sports coupe from Volkswagen Group: the Audi TT.
Saab to get BMW turbocharged engines in 2012
Wed, 29 Sep 2010Saab Automobile and BMW AG announced an agreement Wednesday that will supply engines for Saab's next-generation 9-3. Under the agreement, BMW will provide Saab with four-cylinder 1.6-liter turbocharged gasoline engines starting in 2012. The engines will be adapted to meet Saab's specific requirements.