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Saab plea for Court Protection dismissed – owes €150 million to creditors
Thu, 08 Sep 2011Saab denied Court Protection - there seems no way out We hoped Victor Muller had found a way out of Saab’s financial woes by applying to the Swedish Courts for protection from its creditors while it waited for funds from China to arrive. But the application has hit a brick wall. The district court in Vanersborg said in a statement that there was no reason to believe protection and reorganisation would work for Saab.
Volkswagen preps the Golf EV for 2013 launch
Thu, 16 Jun 2011Volkswagen AG has begun delivery of a second test fleet of Golf blue-e-motion EVs to customers in Germany, the automaker said in a statement. Of the 80 cars being tested in the fleet, 53 will be delivered in Berlin, with the rest going to Hannover and Wolfsburg. The vehicles will be distributed to businesses, public bodies and private motorists, although the majority of cars in Berlin will be tested by corporate customers, as VW views this group as the largest market for EVs in the future.
2015 Audi A8, A8L and S8 unveiled ahead of Frankfurt Motor Show debut
Thu, 22 Aug 2013At the upcoming Frankfurt motor show, Audi will announce a new A8 with more powerful engines, lighter-weight construction, new assistance systems and Matrix LED headlight technology. Audi says the new A8 will put the German automaker among the innovation leaders in the luxury class. It cites as an example the short-wheelbase A8 3.0-liter TFSI's 4,034-pound curb weight, best in class for all-wheel-drive models.