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Saab secures more funds as it seeks to avert collapse
Mon, 27 Jun 2011Saab parent Swedish Automobiles has found another financial lifeline in China as the struggling carmaker faces possible legal action from unions over unpaid wages. In a statement this morning, Swedish Automobiles announced that an un-named Chinese firm has placed an order for 582 Saab vehicles, valued at 13 million Euro (£11.5m) with full pre-payment 'expected to be made this week'. Saab plans to use the funds to pay wages and begin partial payments to component suppliers in order to restart production. Saab's financial crisis: the current situation.
Chevrolet Colorado Rally concept
Fri, 17 Jun 2011Chevrolet has announced the second concept that previews the brand's next generation of pickups ahead of its official unveiling at the 5th Buenos Aires Auto Show. Following on from the Colorado concept shown in Bangkok, the Colorado Rally truck takes the basic premise of the first Colorado concept and adds a dose of aggression, with the vehicle gaining increased ride height, chunkier tires and a more prominent under body. Integrated winches, front and rear, convey the truck's off road abilities.
Alonso vs. Massa, Italian mountain edition
Fri, 13 Jan 2012Scuderia Ferrari started the year off right with a downhill slalom race between two snow-going Ferrari FFs. Formula One drivers Felipe Massa and Fernando Alonso were at the steering wheels. The occasion was the annual Wrooom ski and media event in the Italian Dolomite Mountains.