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Geneva Motor Show (2011) Preview

Geneva Motor Show 2011 - 3rd - 13th March 2011 It would be hard to miss the looming Geneva Motor Show if you have even the slightest interest in cars. So with Geneva almost with us we thought we should drag together all the threads of information from around Cars UK in to one place so you can see what to expect. It’s nice to see we’re getting some proper high-end stuff at this year’s Geneva Motor Show.

NEVS completes Saab purchase

National Electric Vehicle Sweden AB (NEVS) has completed the purchase of the assets of Saab, but can’t use the Griffin logo. It looks like the Chinese, Japanese, Swedish Consortium NEVS has finally completed the process of acquiring the assets of bankrupt Saab, but it hasn’t quite got all it wanted. We reported last week that the process of acquiring Saab had been delayed as there were still issues over the rights to the Saab log, a logo owned by Scania and Saab Aerospace.

Senate releases $350 billion more in bailout money

The Senate voted Thursday to release a second round of $350 billion in federal aid to rescue financial institutions. The money could be the source of additional loans to automakers, auto finance companies and perhaps suppliers. An earlier allocation of $350 billion funded the first installments of emergency loans to General Motors and Chrysler LLC.