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Spyker warns that Saab's future is 'uncertain' without fresh funds
Fri, 01 Apr 2011Spyker Cars NV, the Dutch parent of Saab, said the Swedish automaker's financial situation is worsening and warned that Saab's future is at risk without additional financing. In its annual report released today, Spyker said the company's "continuity" could become uncertain unless it secures extra funds to finance ongoing operations and the execution of its business plan. Earlier this week, Saab was forced to shut down production for short intervals after key suppliers halted parts deliveries for non-payment.
Volkswagen XL1 priced at £98,515 - 30 coming to UK
Mon, 30 Jun 2014By Nikolai Attard Motor Industry 30 June 2014 15:16 Volkswagen has announced the price for the energy-efficient XL1, which has now gone on sale in the UK. Only 200 VW XL1s will be built, with up to 30 making their way to deep-pocketed early adopters in the UK. The XL1 was on show at last weekend’s 2014 Goodwood Festival of Speed where it silently whirred up the hill in front of 50,000 spectators on Sunday.
Spies Given Green Light To Speed
Mon, 13 Jan 2014IF YOU’RE familiar with James Bond’s antics you’ll know that he didn’t much care for rules and regulations. Now there’s one less bit of red tape for all fictional and real James Bonds, as spies are to be given a "licence to speed" for the first time, under changes to motoring laws. Currently, officers in MI5 and MI6 have to abide by the rules of the road even when national security is under threat.